Cover
Cover - USD ($) | 12 Months Ended | ||
Mar. 31, 2022 | May 23, 2022 | Oct. 01, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Mar. 31, 2022 | ||
Document Fiscal Year Focus | 2022 | ||
Document Fiscal Period Focus | FY | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity Registrant Name | ELECTRONIC ARTS INC. | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 94-2838567 | ||
Entity Address, Address Line One | 209 Redwood Shores Parkway | ||
Entity Address, City or Town | Redwood City | ||
Entity Address, State or Province | CA | ||
Entity Address, Postal Zip Code | 94065 | ||
City Area Code | 650 | ||
Local Phone Number | 628-1500 | ||
Title of 12(b) Security | Common Stock, $0.01 par value | ||
Trading Symbol | EA | ||
Security Exchange Name | NASDAQ | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Central Index Key | 0000712515 | ||
Current Fiscal Year End Date | --03-31 | ||
Entity Shell Company | false | ||
Entity Public Float | $ 40,956 | ||
Entity Common Stock, Shares Outstanding | 279,893,605 | ||
Documents Incorporated by Reference | Documents Incorporated by Reference Portions of the registrant’s definitive proxy statement for its 2022 Annual Meeting of Stockholders (the “2022 Proxy”) are incorporated by reference into Part III hereof. The 2022 Proxy is expected to be filed not later than 120 days after the registrant’s fiscal year end. Except with respect to information specifically incorporated by reference into this Form 10-K, the 2022 Proxy is not deemed to be filed as part hereof. | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Entity File Number | 000-17948 | ||
ICFR Auditor Attestation Flag | true | ||
Auditor Name | KPMG LLP | ||
Auditor Location | Santa Clara, CA | ||
Auditor Firm ID | 185 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) shares in Millions, $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Assets, Current [Abstract] | ||
Cash and cash equivalents | $ 2,732 | $ 5,260 |
Fair value, Available-for-sale of securities | 330 | 1,106 |
Receivables, net | 650 | 521 |
Other current assets | 439 | 326 |
Total current assets | 4,151 | 7,213 |
Property and equipment, net | 550 | 491 |
Goodwill | 5,387 | 2,868 |
Intangible Assets, Net (Excluding Goodwill) | 962 | 309 |
Deferred income taxes, net | 2,243 | 2,045 |
Other assets | 507 | 362 |
TOTAL ASSETS | 13,800 | 13,288 |
Liabilities, Current [Abstract] | ||
Accounts payable | 101 | 96 |
Accrued and other current liabilities | 1,388 | 1,341 |
Deferred net revenue (online-enabled games) | 2,024 | 1,527 |
Total current liabilities | 3,513 | 2,964 |
Senior notes, net | 1,878 | 1,876 |
Income tax obligations | 386 | 315 |
Deferred income taxes, net | 1 | 43 |
Other liabilities | 397 | 250 |
TOTAL LIABILITIES | 6,175 | 5,448 |
Commitments and contingencies (See Note 14) | ||
Stockholders' equity: | ||
Preferred stock, $0.01 par value. 10 shares authorized | 0 | 0 |
Common stock, $0.01 par value. 1,000 shares authorized; 280 and 286 shares issued and outstanding, respectively | 3 | 3 |
Additional paid-in capital | 0 | 0 |
Retained earnings | 7,607 | 7,887 |
Accumulated other comprehensive loss | 15 | (50) |
Total stockholders' equity | 7,625 | 7,840 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 13,800 | $ 13,288 |
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 10 | 10 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 1,000 | 1,000 |
Common stock, shares issued | 280 | 286 |
Common stock, shares outstanding | 280 | 286 |
Consolidated Statements Of Oper
Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Net revenue | $ 6,991 | $ 5,629 | $ 5,537 |
Cost of Revenue | 1,859 | 1,494 | 1,369 |
Gross profit | 5,132 | 4,135 | 4,168 |
Operating Expenses [Abstract] | |||
Research and development | 2,186 | 1,778 | 1,559 |
Marketing and sales | 961 | 689 | 631 |
General and administrative | 673 | 592 | 506 |
Acquisition-related contingent consideration | 0 | 0 | 5 |
Amortization of intangibles | 183 | 30 | 22 |
Total operating expenses | 4,003 | 3,089 | 2,723 |
Operating income | 1,129 | 1,046 | 1,445 |
Interest and other income (expense), net | (48) | (29) | 63 |
Income before provision for (benefit from) income taxes | 1,081 | 1,017 | 1,508 |
Provision for (benefit from) income taxes | 292 | 180 | (1,531) |
Net income | $ 789 | $ 837 | $ 3,039 |
Earnings Per Share [Abstract] | |||
Basic | $ 2.78 | $ 2.90 | $ 10.37 |
Diluted | $ 2.76 | $ 2.87 | $ 10.30 |
Weighted Average Number of Shares Outstanding, Diluted [Abstract] | |||
Basic | 284 | 289 | 293 |
Diluted | 286 | 292 | 295 |
Consolidated Statements of Othe
Consolidated Statements of Other Comprehensive Income - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Statement of Comprehensive Income [Abstract] | |||
Net income | $ 789 | $ 837 | $ 3,039 |
Other comprehensive income (loss), net of tax: | |||
Net gains (losses) on available-for-sale securities | (3) | 4 | (3) |
Net gains (losses) on derivative instruments | 76 | (68) | 17 |
Foreign currency translation adjustments | (8) | 64 | (34) |
Total other comprehensive income (loss), net of tax | 65 | 0 | (20) |
Total comprehensive income (loss) | $ 854 | $ 837 | $ 3,019 |
Consolidated Statements Of Stoc
Consolidated Statements Of Stockholders' Equity - USD ($) shares in Thousands, $ in Millions | Total | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Stockholders' Equity Attributable to Parent | $ 5,331 | $ 3 | $ 0 | $ 5,358 | $ (30) |
Beginning balance (in shares) at Mar. 31, 2019 | 298,107 | ||||
Beginning balance at Mar. 31, 2019 | 5,331 | $ 3 | 0 | 5,358 | (30) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Other comprehensive income (loss) before reclassifications | 44 | ||||
Amounts reclassified from accumulated other comprehensive income (loss) | (64) | ||||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 3,019 | 3,039 | (20) | ||
APIC, Share-based Payment Arrangement, Increase for Cost Recognition | 347 | 347 | |||
Stock Issued During Period, Shares, New Issues | 2,623 | ||||
Stock Issued During Period, Value, New Issues | (29) | (29) | |||
Stock Repurchased and Retired During Period, Shares | (12,317) | ||||
Stock Repurchased and Retired During Period, Value | (1,207) | (318) | (889) | ||
Ending balance (in shares) at Mar. 31, 2020 | 288,413 | ||||
Ending balance at Mar. 31, 2020 | 7,461 | $ 3 | 0 | 7,508 | (50) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Stockholders' Equity Attributable to Parent | 7,461 | $ 3 | 0 | 7,508 | (50) |
Other comprehensive income (loss) before reclassifications | (25) | ||||
Amounts reclassified from accumulated other comprehensive income (loss) | 25 | ||||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 837 | 837 | 0 | ||
APIC, Share-based Payment Arrangement, Increase for Cost Recognition | 435 | 435 | |||
Stock Issued During Period, Shares, New Issues | 3,685 | ||||
Stock Issued During Period, Value, New Issues | (66) | (66) | |||
Stock Repurchased and Retired During Period, Shares | (5,633) | ||||
Stock Repurchased and Retired During Period, Value | $ (729) | (369) | (360) | ||
Common Stock, Dividends, Per Share, Cash Paid | $ 0.34 | ||||
Dividends, Common Stock, Cash | $ 98 | 98 | |||
Ending balance (in shares) at Mar. 31, 2021 | 286,000 | 286,465 | |||
Ending balance at Mar. 31, 2021 | $ 7,840 | $ 3 | 0 | 7,887 | (50) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Stockholders' Equity Attributable to Parent | 7,840 | $ 3 | 0 | 7,887 | (50) |
Other comprehensive income (loss) before reclassifications | 63 | ||||
Amounts reclassified from accumulated other comprehensive income (loss) | 2 | ||||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 854 | 789 | 65 | ||
APIC, Share-based Payment Arrangement, Increase for Cost Recognition | 528 | 528 | |||
Stock Issued During Period, Value, Acquisitions | 23 | 23 | |||
Stock Issued During Period, Shares, New Issues | 3,108 | ||||
Stock Issued During Period, Value, New Issues | (127) | (127) | |||
Stock Repurchased and Retired During Period, Shares | (9,522) | ||||
Stock Repurchased and Retired During Period, Value | $ (1,300) | (424) | (876) | ||
Common Stock, Dividends, Per Share, Cash Paid | $ 0.68 | ||||
Dividends, Common Stock, Cash | $ 193 | 193 | |||
Ending balance (in shares) at Mar. 31, 2022 | 280,000 | 280,051 | |||
Ending balance at Mar. 31, 2022 | $ 7,625 | $ 3 | 0 | 7,607 | 15 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Stockholders' Equity Attributable to Parent | $ 7,625 | $ 3 | $ 0 | $ 7,607 | $ 15 |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Net Cash Provided by Operating Activities [Abstract] | |||
Net income | $ 789 | $ 837 | $ 3,039 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities [Abstract] | |||
Depreciation, amortization and accretion | 486 | 181 | 150 |
Acquisition-related contingent consideration | 0 | 0 | 5 |
Stock-based compensation | 528 | 435 | 347 |
Increase (Decrease) in Operating Capital [Abstract] | |||
Receivables, net | (77) | (41) | 164 |
Other assets | (157) | (70) | 35 |
Accounts payable | (7) | 18 | (36) |
Accrued and other liabilities | 169 | 136 | 119 |
Deferred income taxes, net | (329) | (143) | (1,871) |
Deferred net revenue (online-enabled games) | 497 | 581 | (155) |
Net Cash Provided by Operating Activities | 1,899 | 1,934 | 1,797 |
Net Cash Provided by (Used in) Investing Activities [Abstract] | |||
Capital expenditures | (188) | (124) | (140) |
Proceeds from maturities and sales of short-term investments | 1,329 | 3,686 | 2,142 |
Purchase of short-term investments | (554) | (2,828) | (3,359) |
Acquisition, net of cash acquired | (3,391) | (1,239) | 0 |
Net Cash Provided by (Used in) Investing Activities | (2,804) | (505) | (1,357) |
Net Cash Used in Financing Activities [Abstract] | |||
Proceeds from Debt, Net of Issuance Costs | 0 | 1,478 | 0 |
Repayments of Senior Debt | 0 | (600) | 0 |
Proceeds from issuance of common stock | 77 | 86 | 62 |
Payments of Dividends | (193) | (98) | 0 |
Cash paid to taxing authorities for shares withheld from employees | (204) | (152) | (91) |
Repurchase and retirement of common stock | (1,300) | (729) | (1,207) |
Payment for Contingent Consideration Liability, Financing Activities | 0 | 0 | (122) |
Net Cash Used in Financing Activities, Total | (1,620) | (15) | (1,358) |
Effect of foreign exchange on cash and cash equivalents | (3) | 78 | (22) |
Increase (decrease) in cash and cash equivalents | (2,528) | 1,492 | (940) |
Beginning cash and cash equivalents | 5,260 | 3,768 | 4,708 |
Ending cash and cash equivalents | 2,732 | 5,260 | 3,768 |
Supplemental Cash Flow Information [Abstract] | |||
Cash paid during the year for income taxes, net | 629 | 340 | 170 |
Cash paid during the year for interest | 56 | 40 | 42 |
Non-cash investing activities: | |||
Capital Expenditures Incurred but Not yet Paid | $ (19) | $ (17) | $ (8) |
Description Of Business And Bas
Description Of Business And Basis of Presentation | 12 Months Ended |
Mar. 31, 2022 | |
Description Of Business And Basis of Presentation [Abstract] | |
Description Of Business And Basis of Presentation | (1) DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Electronic Arts is a global leader in digital interactive entertainment. We develop, market, publish and deliver games, content and services that can be experienced on game consoles, PCs, mobile phones and tablets. At our core is a portfolio of intellectual property from which we create innovative games and content that enable us to build on-going and meaningful relationships with a community of players, creators and viewers. Our portfolio includes brands that we either wholly own (such as Apex Legends , Battlefield, and The Sims) or license from others (such as Madden, Star Wars, and the 300+ licenses within our global football ecosystem). Through our live services offerings, we offer our players high-quality experiences designed to provide value to players and extend and enhance gameplay. These live services include extra content, subscription offerings and other revenue generated in addition to the sale of our base games and free-to-play games. In addition, we are focused on reaching more players whenever and wherever they want to play. We believe that we can add value to our network by making it easier for players to connect to a world of play by offering choice of business model, distribution channel and device. Consolidation The accompanying Consolidated Financial Statements include the accounts of Electronic Arts Inc. and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. Fiscal Year Our fiscal year is reported on a 52- or 53-week period that ends on the Saturday nearest March 31. Our results of operations for the fiscal year ended March 31, 2022 contained 52 weeks and ended on April 2, 2022. Our results of operations for the fiscal years ended March 31, 2021 and 2020 contained 53 and 52 weeks and ended on April 3, 2021 and March 28, 2020, respectively. For simplicity of disclosure, all fiscal periods are referred to as ending on a calendar month end. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires us to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and the accompanying notes. Such estimates include offering periods for deferred net revenue, sales returns and allowances, provisions for doubtful accounts, accrued liabilities, relative stand-alone selling price for identified performance obligations in our revenue transactions, losses on royalty commitments, estimates regarding the recoverability of prepaid royalties, inventories, long-lived assets, discount rates used in the measurement and recognition of lease liabilities, assets acquired and liabilities assumed in business combinations, certain estimates related to the measurement and recognition of costs resulting from our stock-based payment awards, unrecognized tax benefits, deferred income tax assets and associated valuation allowances, as well as estimates used in our goodwill, intangibles and short-term investment impairment tests. These estimates require us to make judgments, involve analysis of historical and future trends, can require extended periods of time to resolve, and are subject to change from period to period. In all cases, actual results could differ materially from our estimates. Recently Adopted Accounting Standards In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740). The amendments in this update simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. We adopted ASU 2019-12 in the first quarter of fiscal year 2022. The amendments did not have a material impact on our Consolidated Financial Statements upon adoption. The amendments clarified and amended existing guidance with respect to transactions in which a taxpayer realizes a step-up in tax basis of goodwill. As we integrate acquired intellectual property into our global operating structure, we may realize a tax basis step-up in goodwill. In such situations, we are required to assess whether the integration relates to the acquisition or is a separate transaction. When the integration is a separate transaction, we may be required to recognize deferred tax assets to the extent the stepped-up tax basis exceeds the associated U.S. GAAP basis. This assessment requires judgment around key indicators such as whether the tax basis step-up was contemplated as part of the original acquisition to which the intellectual property relates, whether the integration results in cash taxes, and whether the integration is achieved through a simple tax election. See Note 11 — Income Taxes for a discussion of the prospective application of this standard to our intra-entity transfers of recently acquired intellectual property during the fiscal year ended March 31, 2022. Other Recently Issued Accounting Standards In October 2021, the FASB issued ASU 2021-08, Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (Topic 805). The amendments in this update require that an acquirer recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. This update is effective for us beginning in the first quarter of fiscal year 2024. Early adoption is permitted. We are currently evaluating the timing of adoption and impact of this new standard on our Consolidated Financial Statements and related disclosures. In November 2021, the FASB issued ASU 2021-10, Disclosures by Business Entities about Government Assistance (Topic 832). The amendments in this update establish Topic 832 and require additional disclosures regarding government grants and money contributions when entities accounted for transactions with a government by analogizing to a grant or contribution accounting model. This update is effective for us beginning in the first fiscal quarter of fiscal year 2023. Early adoption is permitted. We plan to adopt this provision in the first fiscal quarter of fiscal year 2023. This update is not expected to have a material impact on our Consolidated Financial Statements or related disclosures. |
Summary of Significant Accounti
Summary of Significant Accounting Policies (Notes) | 12 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | (2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash, Cash Equivalents, and Short-Term Investments Cash equivalents consist of highly liquid investments with insignificant interest rate risk and original or remaining maturities of three months or less at the time of purchase. Short-term investments consist of debt securities with original or remaining maturities of greater than three months at the time of purchase and less than a year, and are accounted for as available-for-sale securities and are recorded at fair value. Cash, cash equivalents and short-term investments are available for use in current operations or other activities such as capital expenditures, business combinations and share repurchases. Unrealized gains and losses on our short-term investments are recorded as a component of accumulated other comprehensive income (loss) in stockholders’ equity, net of tax, until either (1) the security is sold, (2) the security has matured, (3) we determine that the fair value of the security has declined below its adjusted cost basis and the decline is due to an expected credit loss, or (4) we intend to, or more likely than not would be required to, sell a security in an unrealized loss position before the recovery of its amortized cost basis. Realized gains and losses on our short-term investments are calculated based on the specific identification method and are reclassified from accumulated other comprehensive income (loss) to interest and other income (expense), net. Determining whether a decline in fair value is due to an expected credit loss requires management judgment based on the specific facts and circumstances of each security. The ultimate value realized on these securities is subject to market price volatility until they are sold. Our short-term investments are evaluated for allowances and impairment quarterly. For investments in an unrealized loss position, we consider various factors in determining whether we should recognize an allowance for expected credit losses or an impairment charge, including the credit quality of the issuer, changes to the rating of the security by rating agencies, the extent to which fair value is less than amortized cost, reason for the decline in value and potential recovery period, the financial condition and near-term prospects of the investees, our intent to sell and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value, and any contractual terms impacting the prepayment or settlement process, among other factors. We recognize an allowance for credit losses, up to the amount of unrealized loss when appropriate, and write down the amortized cost basis of the investment if we intend to, or it is more likely than not we will be required to, sell the investment before the recovery of its amortized cost basis. Allowances for credit losses and write-downs are recognized in our Consolidated Statements of Operations, and unrealized losses not related to credit losses are recognized in other comprehensive income (loss). Based on our evaluation, we did not recognize an allowance for credit losses, nor did we recognize any impairments, as of March 31, 2022 and 2021. Property and Equipment, Net Property and equipment, net, are stated at cost. Depreciation is calculated using the straight-line method over the following useful lives: Buildings 20 to 25 years Computer equipment and software 2 to 6 years Equipment, furniture and fixtures, and other 3 to 5 years Leasehold improvements Lesser of the lease term or the estimated useful lives of the improvements, generally 1 to 15 years We capitalize costs associated with internal-use software development once a project has reached the application development stage. Such capitalized costs include external direct costs utilized in developing or obtaining the software, and payroll and payroll-related expenses for employees who are directly associated with the development of the software. Capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose. We also capitalize costs associated with the purchase of software licenses. Once the internal-use software is ready for its intended use, the assets are depreciated on a straight-line basis over each asset’s estimated useful life, which is generally three years. The net book value of capitalized costs associated with internal-use software was $86 million and $72 million as of March 31, 2022 and 2021, respectively. Business Combinations We must estimate the fair value of assets acquired, liabilities assumed, and acquired in-process technology in a business combination at the acquisition date. During the measurement period, which may be up to one year from the acquisition date, we may record adjustments to the fair values of the tangible and intangible assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the fair value of the assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recognized in the Consolidated Statement of Operations. Acquisition-Related Intangibles and Other Long-Lived Assets We recognize acquisition-related intangible assets, such as acquired developed and core technology, in connection with business combinations. We amortize the cost of acquisition-related intangible assets that have finite useful lives generally on a straight-line basis over the lesser of their estimated useful lives or the agreement terms, currently from one seven Goodwill Impairment In assessing impairment on our goodwill, we first analyze qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform a goodwill impairment test. The qualitative factors we assess include long-term prospects of our performance, share price trends and market capitalization, and Company specific events. If we conclude it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, we do not need to perform an impairment test. If based on that assessment, we believe it is more likely than not that the fair value of the reporting unit is less than its carrying value we will measure goodwill for impairment by applying fair value-based tests at the reporting unit level. Reporting units are determined by the components of operating segments that constitute a business for which (1) discrete financial information is available, (2) segment management regularly reviews the operating results of that component, and (3) whether the component has dissimilar economic characteristics to other components. As of March 31, 2022, we have only one reportable segment, which represents our only operating segment. Revenue Recognition We derive revenue principally from sales of our games, and related extra content and services that can be experienced on game consoles, PCs, mobile phones and tablets. Our product and service offerings include, but are not limited to, the following: • full games with both online and offline functionality (“Games with Services”), which generally includes (1) the initial game delivered digitally or via physical disc at the time of sale and typically provide access to offline core game content (“software license”); (2) updates on a when-and-if-available basis, such as software patches or updates, and/or additional free content to be delivered in the future (“future update rights”); and (3) a hosted connection for online playability (“online hosting”); • full games with online-only functionality which require an Internet connection to access all gameplay and functionality (“Online-Hosted Service Games”); • extra content related to Games with Services and Online-Hosted Service Games which provides access to additional in-game content; • subscriptions, such as EA Play and EA Play Pro, that generally offer access to a selection of full games, in-game content, online services and other benefits typically for a recurring monthly or annual fee; and • licensing to third parties to distribute and host our games and content. We evaluate and recognize revenue by: • identifying the contract(s) with the customer; • identifying the performance obligations in the contract; • determining the transaction price; • allocating the transaction price to performance obligations in the contract; and • recognizing revenue as each performance obligation is satisfied through the transfer of a promised good or service to a customer (i.e., “transfer of control”). Certain of our full game and/or extra content are sold to resellers with a contingency that the full game and/or extra content cannot be resold prior to a specific date (“Street Date Contingency”). We recognize revenue for transactions that have a Street Date Contingency when the Street Date Contingency is removed and the full game and/or extra content can be resold by the reseller. For digital full game and/or extra content downloads sold to customers, we recognize revenue when the full game and/or extra content is made available for download to the customer. Online-Enabled Games Games with Services. Our sales of Games with Services are evaluated to determine whether the software license, future update rights and the online hosting are distinct and separable. Sales of Games with Services are generally determined to have three distinct performance obligations: software license, future update rights, and the online hosting. Since we do not sell the performance obligations on a stand-alone basis, we consider market conditions and other observable inputs to estimate the stand-alone selling price for each performance obligation. For Games with Services, generally 75 percent of the sales price is allocated to the software license performance obligation and recognized at a point in time when control of the license has been transferred to the customer. The remaining 25 percent is allocated to the future update rights and the online hosting performance obligations and recognized ratably as the service is provided (over the Estimated Offering Period). Online-Hosted Service Games. Sales of our Online-Hosted Service Games are determined to have one distinct performance obligation: the online hosting. We recognize revenue from these arrangements as the service is provided. Extra Content. Revenue received from sales of downloadable content are derived primarily from the sale of virtual currencies and digital in-game content that are designed to extend and enhance players’ game experience. Sales of extra content are accounted for in a manner consistent with the treatment for our Games with Services and Online-Hosted Service Games as discussed above, depending upon whether or not the extra content has offline functionality. That is, if the extra content has offline functionality, then the extra content is accounted for similarly to Games with Services (generally determined to have three distinct performance obligations: software license, future update rights, and the online hosting). If the extra content does not have offline functionality, then the extra content is determined to have one distinct performance obligation: the online-hosted service offering. Subscriptions Sales of our subscriptions are deemed to be one performance obligation and we recognize revenue from these arrangements ratably over the subscription term as the performance obligation is satisfied. Licensing Revenue We utilize third-party licensees to distribute and host our games and content in accordance with license agreements, for which the licensees typically pay us a fixed minimum guarantee and/or sales-based royalties. These arrangements typically include multiple performance obligations, such as a time-based license of software and future update rights. We recognize as revenue a portion of the minimum guarantee when we transfer control of the license of software (generally upon commercial launch) and the remaining portion ratably over the contractual term in which we provide the licensee with future update rights. Any sales-based royalties are generally recognized as the related sales occur by the licensee. Significant Judgments around Revenue Arrangements Identifying performance obligations. Performance obligations promised in a contract are identified based on the goods and services that will be transferred to the customer that are both capable of being distinct, (i.e., the customer can benefit from the goods or services either on its own or together with other resources that are readily available), and are distinct in the context of the contract (i.e., it is separately identifiable from other goods or services in the contract). To the extent a contract includes multiple promises, we must apply judgment to determine whether those promises are separate and distinct performance obligations. If these criteria are not met, the promises are accounted for as a combined performance obligation. Determining the transaction price. The transaction price is determined based on the consideration that we will be entitled to receive in exchange for transferring our goods and services to the customer. Determining the transaction price often requires judgment, based on an assessment of contractual terms and business practices. It further includes review of variable consideration such as discounts, sales returns, price protection, and rebates, which is estimated at the time of the transaction. In addition, the transaction price does not include an estimate of the variable consideration related to sales-based royalties. Sales-based royalties are recognized as the sales occur. Allocating the transaction price. Allocating the transaction price requires that we determine an estimate of the relative stand-alone selling price for each distinct performance obligation. Determining the relative stand-alone selling price is inherently subjective, especially in situations where we do not sell the performance obligation on a stand-alone basis (which occurs in the majority of our transactions). In those situations, we determine the relative stand-alone selling price based on various observable inputs using all information that is reasonably available. Examples of observable inputs and information include: historical internal pricing data, cost plus margin analysis, pre-release versus post-release costs, and pricing data from competitors to the extent the data is available. The results of our analysis resulted in a specific percentage of the transaction price being allocated to each performance obligation. Determining the Estimated Offering Period. The offering period is the period in which we offer to provide the future update rights and/or online hosting for the game and related extra content sold. Because the offering period is not an explicitly defined period, we must make an estimate of the offering period for the service-related performance obligations (i.e., future update rights and online hosting). Determining the Estimated Offering Period is inherently subjective and is subject to regular revision. Generally, we consider the average period of time customers are online when estimating the offering period. We also consider the estimated period of time between the date a game unit is sold to a reseller and the date the reseller sells the game unit to the customer (i.e., time in channel). Based on these two factors, we then consider the method of distribution. For example, games and extra content sold at retail would have a composite offering period equal to the online gameplay period plus time in channel as opposed to digitally-distributed games and extra content which are delivered immediately via digital download and therefore, the offering period is estimated to be only the online gameplay period. Additionally, we consider results from prior analyses, known and expected online gameplay trends, as well as disclosed service periods for competitors’ games in determining the Estimated Offering Period for future sales. We believe this provides a reasonable depiction of the transfer of future update rights and online hosting to our customers, as it is the best representation of the time period during which our games and extra content are experienced. We recognize revenue for future update rights and online hosting performance obligations ratably on a straight-line basis over this period as there is a consistent pattern of delivery for these performance obligations. Prior to July 1, 2020, these performance obligations were generally recognized over an estimated nine-month period beginning in the month after shipment for games and extra content sold through retail and an estimated six-month period for digitally-distributed games and extra content beginning in the month of sale. During the three months ended September 30, 2020, we completed our annual evaluation of the Estimated Offering Period and as a result, for sales after July 1, 2020, revenue for service-related performance obligations for games and extra content sold through retail is recognized over an estimated ten-month period beginning in the month of sale, and revenue for service-related performance obligations for digitally-distributed games and extra content is recognized over an estimated eight-month period beginning in the month of sale. During the fiscal year ended March 31, 2022, this change to our Estimated Offering Period resulted in an increase in net revenue of $331 million and net income of $252 million, and an increase of $0.88 diluted earnings per share. During the fiscal year ended March 31, 2021, this change to our Estimated Offering Period resulted in a decrease in net revenue of $333 million and net income of $280 million, and a decrease of $0.96 diluted earnings per share. During the three months ended September 30, 2021, we completed our annual evaluation of the Estimated Offering Period. We have noted consumers are playing certain of our Online Hosted Service Games, such as PC and console free-to-play games, for longer periods of time than in prior years as players engage with services we provide that are designed to enhance and extend gameplay, and as such, have concluded that the Estimated Offering Period for such games should be lengthened. As a result, for all new sales after July 1, 2021, the revenue that we recognize for service-related performance obligations related to our PC and console free-to-play games is recognized generally over a twelve-month period. During the fiscal year ended March 31, 2022, this change to our Estimated Offering Period resulted in a decrease in net revenue of $131 million and net income of $100 million, and a decrease of $0.35 diluted earnings per share. Deferred Net Revenue Because the majority of our sales transactions include future update rights and online hosting performance obligations, which are subject to a recognition period, our deferred net revenue balance is material. This balance increases from period to period by the revenue being deferred for current sales with these service obligations and is reduced by the recognition of revenue from prior sales that were deferred. Generally, revenue is recognized as the services are provided. Principal Agent Considerations We evaluate sales to end customers of our full games and related content via third-party storefronts, including digital storefronts such as Microsoft’s Xbox Store, Sony’s PlayStation Store, Apple App Store, and Google Play Store, in order to determine whether or not we are acting as the principal in the sale to the end customer, which we consider in determining if revenue should be reported gross or net of fees retained by the third-party storefront. An entity is the principal if it controls a good or service before it is transferred to the end customer. Key indicators that we evaluate in determining gross versus net treatment include but are not limited to the following: • the underlying contract terms and conditions between the various parties to the transaction; • which party is primarily responsible for fulfilling the promise to provide the specified good or service to the end customer; • which party has inventory risk before the specified good or service has been transferred to the end customer; and • which party has discretion in establishing the price for the specified good or service. Based on an evaluation of the above indicators, except as discussed below, we have determined that generally the third party is considered the principal to end customers for the sale of our full games and related content. We therefore report revenue related to these arrangements net of the fees retained by the storefront. However, for sales arrangements via Apple App Store and Google Play Store, EA is considered the principal to the end customer and thus, we report revenue on a gross basis and mobile platform fees are reported within cost of revenue. Payment Terms Substantially all of our transactions have payment terms, whether customary or on an extended basis, of less than one year; therefore, we generally do not adjust the transaction price for the effects of any potential financing components that may exist. Sales and Value-Added Taxes Revenue is recorded net of taxes assessed by governmental authorities that are imposed at the time of the specific revenue-producing transaction between us and our customer, such as sales and value-added taxes. Sales Returns and Price Protection Reserves Sales returns and price protection are considered variable consideration under ASC 606. We reduce revenue for estimated future returns and price protection which may occur with our distributors and retailers (“channel partners”). Price protection represents our practice to provide our channel partners with a credit allowance to lower their wholesale price on a particular game unit that they have not resold to customers. The amount of the price protection for permanent markdowns is the difference between the old wholesale price and the new reduced wholesale price. Credits are also given for short-term promotions that temporarily reduce the wholesale price. In certain countries we also have a practice for allowing channel partners to return older products in the channel in exchange for a credit allowance. When evaluating the adequacy of sales returns and price protection reserves, we analyze the following: historical credit allowances, current sell-through of our channel partners’ inventory of our products, current trends in retail and the video game industry, changes in customer demand, acceptance of our products, and other related factors. In addition, we monitor the volume of sales to our channel partners and their inventories, as substantial overstocking in the distribution channel could result in high returns or higher price protection in subsequent periods. Taxes Collected from Customers and Remitted to Governmental Authorities Taxes assessed by a government authority that are both imposed on and concurrent with specific revenue transactions between us and our customers are presented on a net basis in our Consolidated Statements of Operations. Concentration of Credit Risk and Significant Customers We extend credit to various customers. Collection of trade receivables may be affected by changes in economic or other industry conditions and may, accordingly, impact our overall credit risk. Although we generally do not require collateral, we perform ongoing credit evaluations of our customers and maintain reserves for potential credit losses. Invoices are aged based on contractual terms with our customers. The provision for doubtful accounts is recorded as a charge to general and administrative expense when a potential loss is identified. Losses are written off against the allowance when the receivable is determined to be uncollectible. At March 31, 2022, we had two customers who accounted for approximately 32 percent and 29 percent of our consolidated gross receivables, respectively. At March 31, 2021, we had two customers who accounted for approximately 35 percent and 34 percent of our consolidated gross receivables, respectively. A majority of our sales are made via digital resellers, channel and platform partners. During the fiscal years 2022, 2021, and 2020, approximately 77 percent, 78 percent, and 68 percent, respectively, of our net revenue was derived from our top ten customers and/or platform partners. Currently, a majority of our revenue is derived through sales of products and services playable on hardware consoles from Sony and Microsoft. For the fiscal years ended March 31, 2022, 2021, and 2020, our net revenue for products and services on Sony’s PlayStation 3, 4 and 5, and Microsoft’s Xbox 360, One and Series X consoles (combined across all six platforms) was approximately 60 percent, 64 percent, and 67 percent, respectively. These platform partners have significant influence over the products and services that we offer on their platforms. Short-term investments are placed with high quality financial institutions or in short-duration, investment-grade securities. We limit the amount of credit exposure in any one financial institution or type of investment instrument. Royalties and Licenses Royalty-based obligations with content licensors and distribution affiliates are either paid in advance and capitalized as prepaid royalties or are accrued as incurred and subsequently paid. These royalty-based obligations are generally expensed to cost of revenue generally at the greater of the contractual rate or an effective royalty rate based on the total projected net revenue for contracts with guaranteed minimums. Prepayments made to thinly capitalized independent software developers and co-publishing affiliates are generally made in connection with the development of a particular product, and therefore, we are generally subject to development risk prior to the release of the product. Accordingly, payments that are due prior to completion of a product are generally expensed to research and development over the development period as the services are incurred. Payments due after completion of the product (primarily royalty-based in nature) are generally expensed as cost of revenue. Our contracts with some licensors include minimum guaranteed royalty payments, which are initially recorded as an asset and as a liability at the contractual amount when no performance remains with the licensor. When performance remains with the licensor, we record guarantee payments as an asset when actually paid and as a liability when incurred, rather than recording the asset and liability upon execution of the contract. Each quarter, we also evaluate the expected future realization of our royalty-based assets, as well as any unrecognized minimum commitments not yet paid to determine amounts we deem unlikely to be realized through future revenue. Any impairments or losses determined before the launch of a product are generally charged to research and development expense. Impairments or losses determined post-launch are charged to cost of revenue. We evaluate long-lived royalty-based assets for impairment using undiscounted cash flows when impairment indicators exist. If an impairment exists, then the related assets are written down to fair value. Unrecognized minimum royalty-based commitments are accounted for as executory contracts, and therefore, any losses on these commitments are recognized when the underlying intellectual property is abandoned (i.e., cease use) or the contractual rights to use the intellectual property are terminated. Advertising Costs We generally expense advertising costs as incurred, except for production costs associated with media campaigns, which are recognized as prepaid assets (to the extent paid in advance) and expensed at the first run of the advertisement. Cooperative advertising costs are recognized when incurred and are classified as marketing and sales expense if there is a separate identifiable benefit for which we can reasonably estimate the fair value of the benefit identified. Otherwise, they are classified as a reduction of revenue and are generally accrued when revenue is recognized. We then reimburse the channel partner when qualifying claims are submitted. We are also reimbursed by our vendors for certain advertising costs incurred by us that benefit our vendors. Such amounts are recognized as a reduction of marketing and sales expense if the advertising (1) is specific to the vendor, (2) represents an identifiable benefit to us, and (3) represents an incremental cost to us. Otherwise, vendor reimbursements are recognized as a reduction of the cost incurred with the same vendor. Vendor reimbursements of advertising costs of $37 million, $22 million, and $38 million reduced marketing and sales expense for the fiscal years ended March 31, 2022, 2021, and 2020, respectively. For the fiscal years ended March 31, 2022, 2021, and 2020, advertising expense, net of vendor reimbursements, totaled approximately $396 million, $222 million, and $195 million, respectively. Software Development Costs Research and development costs, which consist primarily of software development costs, are expensed as incurred. We are required to capitalize software development costs incurred for computer software to be sold, leased or otherwise marketed after technological feasibility of the software is established or for development costs that have alternative future uses. Under our current practice of developing new games, the technological feasibility of the underlying software is not established until substantially all product development and testing is complete, which generally includes the development of a working model. Software development costs that have been capitalized to date have been insignificant. Foreign Currency Translation Generally, the functional currency for our foreign operating subsidiaries is its local currency. Assets and liabilities of foreign operations are translated into U.S. dollars using month-end exchange rates, and revenue and expenses are translated into U.S. dollars using average exchange rates. The effects of foreign currency translation adjustments are included as a component of accumulated other comprehensive income (loss) in stockholders’ equity. Foreign currency transaction gains and losses are a result of the effect of exchange rate changes on transactions denominated in currencies other than the functional currency. Net gains (losses) on foreign currency transactions of $(22) million, $9 million, and $11 million for the fiscal years ended March 31, 2022, 2021, and 2020, respectively, are included in interest and other income (expense), net, in our Consolidated Statements of Operations. These net gains (losses) on foreign currency transactions are partially offset by net gains (losses) on our foreign currency forward contracts of $21 million, $(19) million, and $(4) million for the fiscal years ended March 31, 2022, 2021, and 2020, respectively. See Note 5 for additional information on our foreign currency forward contracts. Income Taxes We recognize deferred tax assets and liabilities for both the expected impact of differences between the financial statement amount and the tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax losses and tax credit carryforwards. We do not recognize any deferred taxes related to the U.S. taxes on foreign earnings as we recognize these taxes as a period cost. Every quarter, we perform a realizability analysis to evaluate whether it is more likely than not that all or a portion of our deferred tax assets will not be realized. Our Swiss deferred tax asset realizability analysis relies upon future Swiss taxable income as the primary source of taxable income but considers all available sources of Swiss income based on the positive and negative evidence. We give more weight to evidence that can be objectively verified. However, there is judgment involved in estimating future Swiss taxable income, specifically related to assumptions about expected growth rates of future Swiss taxable income, which are based primarily on third party market and industry growth data. Actual results that differ materially from those estimates could have a material impact on our valuation allowance assessment. Although objectively verifiable, Swiss interest rates have an impact on the valuation allowance and are based on published Sw |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Mar. 31, 2022 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | (3) FAIR VALUE MEASUREMENTS There are various valuation techniques used to estimate fair value, the primary one being the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value, we consider the principal or most advantageous market in which we would transact and consider assumptions that market participants would use when pricing the asset or liability. We measure certain financial and nonfinancial assets and liabilities at fair value on a recurring and nonrecurring basis. Fair Value Hierarchy The three levels of inputs that may be used to measure fair value are as follows: • Level 1 . Quoted prices in active markets for identical assets or liabilities. • Level 2 . Observable inputs other than quoted prices included within Level 1, such as quoted prices for similar assets or liabilities, quoted prices in markets with insufficient volume or infrequent transactions (less active markets), or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities. • Level 3 . Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Assets and Liabilities Measured at Fair Value on a Recurring Basis As of March 31, 2022 and 2021, our assets and liabilities that were measured and recorded at fair value on a recurring basis were as follows (in millions): Fair Value Measurements at Reporting Date Using As of March 31, 2022 Quoted Prices in Significant Significant (Level 1) (Level 2) (Level 3) Balance Sheet Classification Assets Bank and time deposits $ 55 $ 55 $ — $ — Cash equivalents Money market funds 257 257 — — Cash equivalents Available-for-sale securities: Corporate bonds 116 — 116 — Short-term investments U.S. Treasury securities 104 104 — — Short-term investments and cash equivalents Commercial paper 51 — 51 — Short-term investments and cash equivalents Foreign government securities 17 — 17 — Short-term investments Asset-backed securities 38 — 38 — Short-term investments Certificates of deposit 18 — 18 — Short-term investments Foreign currency derivatives 63 — 63 — Other current assets and other assets Deferred compensation plan assets (a) 21 21 — — Other assets Total assets at fair value $ 740 $ 437 $ 303 $ — Liabilities Foreign currency derivatives $ 14 $ — $ 14 $ — Accrued and other current liabilities and other liabilities Deferred compensation plan liabilities (a) 22 22 — — Other liabilities Total liabilities at fair value $ 36 $ 22 $ 14 $ — Fair Value Measurements at Reporting Date Using As of Quoted Prices in Significant Significant (Level 1) (Level 2) (Level 3) Balance Sheet Classification Assets Bank and time deposits $ 157 $ 157 $ — $ — Cash equivalents Money market funds 2,100 2,100 — — Cash equivalents Available-for-sale securities: Corporate bonds 380 — 380 — Short-term investments and cash equivalents U.S. Treasury securities 437 437 — — Short-term investments and cash equivalents U.S. agency securities 3 — 3 — Short-term investments Commercial paper 142 — 142 — Short-term investments and cash equivalents Foreign government securities 67 — 67 — Short-term investments Asset-backed securities 112 — 112 — Short-term investments Certificates of deposit 41 — 41 — Short-term investments Foreign currency derivatives 33 — 33 — Other current assets and other assets Deferred compensation plan assets (a) 18 18 — — Other assets Total assets at fair value $ 3,490 $ 2,712 $ 778 $ — Liabilities Foreign currency derivatives $ 40 $ — $ 40 $ — Accrued and other current liabilities and other liabilities Deferred compensation plan liabilities (a) 19 19 — — Other liabilities Total liabilities at fair value $ 59 $ 19 $ 40 $ — (a) The Deferred Compensation Plan assets consist of various mutual funds. See Note 15 for additional information regarding our Deferred Compensation Plan. |
Financial Instruments
Financial Instruments | 12 Months Ended |
Mar. 31, 2022 | |
Financial Instruments [Abstract] | |
Financial Instruments | (4) FINANCIAL INSTRUMENTS Cash and Cash Equivalents As of March 31, 2022 and 2021, our cash and cash equivalents were $2,732 million and $5,260 million, respectively. Cash equivalents were valued using quoted market prices or other readily available market information. Short-Term Investments Short-term investments consisted of the following as of March 31, 2022 and 2021 (in millions): As of March 31, 2022 As of March 31, 2021 Cost or Gross Unrealized Fair Cost or Gross Unrealized Fair Gains Losses Gains Losses Corporate bonds $ 117 $ — $ (1) $ 116 $ 372 $ — $ — $ 372 U.S. Treasury securities 103 — (1) 102 374 1 — 375 U.S. agency securities — — — — 3 — — 3 Commercial paper 39 — — 39 136 — — 136 Foreign government securities 17 — — 17 67 — — 67 Asset-backed securities 38 — — 38 112 — — 112 Certificates of deposit 18 — — 18 41 — — 41 Short-term investments $ 332 $ — $ (2) $ 330 $ 1,105 $ 1 $ — $ 1,106 The following table summarizes the amortized cost and fair value of our short-term investments, classified by stated maturity as of March 31, 2022 and 2021 (in millions): As of March 31, 2022 As of March 31, 2021 Amortized Fair Amortized Fair Short-term investments Due within 1 year $ 250 $ 249 $ 895 $ 896 Due 1 year through 5 years 77 76 203 203 Due after 5 years 5 5 7 7 Short-term investments $ 332 $ 330 $ 1,105 $ 1,106 |
Derivative Financial Instrument
Derivative Financial Instruments | 12 Months Ended |
Mar. 31, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | (5) DERIVATIVE FINANCIAL INSTRUMENTS Assets or liabilities associated with our derivative instruments and hedging activities are recorded at fair value in other current assets/other assets, or accrued and other current liabilities/other liabilities, respectively, on our Consolidated Balance Sheets. As discussed below, the accounting for gains and losses resulting from changes in fair value depends on the use of the derivative instrument and whether it is designated and qualifies for hedge accounting. We transact business in various foreign currencies and have significant international sales and expenses denominated in foreign currencies, subjecting us to foreign currency risk. We purchase foreign currency forward contracts, generally with maturities of 18 months or less, to reduce the volatility of cash flows primarily related to forecasted revenue and expenses denominated in certain foreign currencies. Our cash flow risks are primarily related to fluctuations in the Euro, British pound sterling, Canadian dollar, Swedish krona, Australian dollar, Japanese yen, Chinese yuan, South Korean won and Polish zloty. In addition, we utilize foreign currency forward contracts to mitigate foreign currency exchange risk associated with foreign-currency-denominated monetary assets and liabilities, primarily intercompany receivables and payables. The foreign currency forward contracts not designated as hedging instruments generally have a contractual term of approximately three months or less and are transacted near month-end. We do not use foreign currency forward contracts for speculative trading purposes. Cash Flow Hedging Activities Certain of our forward contracts are designated and qualify as cash flow hedges. To qualify for hedge accounting treatment, all hedging relationships are formally documented at the inception of the hedges and must be highly effective in offsetting changes to future cash flows on hedged transactions. The derivative assets or liabilities associated with our hedging activities are recorded at fair value in other current assets/other assets, or accrued and other current liabilities/other liabilities, respectively, on our Consolidated Balance Sheets. The gains or losses resulting from changes in the fair value of these hedges is initially reported, net of tax, as a component of accumulated other comprehensive income (loss) in stockholders’ equity. The gains or losses resulting from changes in the fair value of these hedges is subsequently reclassified into net revenue or research and development expenses, as appropriate, in the period when the forecasted transaction is recognized in our Consolidated Statements of Operations. In the event that the underlying forecasted transactions do not occur, or it becomes remote that they will occur, within the defined hedge period, the gains or losses on the related cash flow hedges are reclassified from accumulated other comprehensive income (loss) to net revenue or research and development expenses, in our Consolidated Statements of Operations. Total gross notional amounts and fair values for currency derivatives with cash flow hedge accounting designation are as follows (in millions): As of March 31, 2022 As of March 31, 2021 Notional Amount Fair Value Notional Amount Fair Value Asset Liability Asset Liability Forward contracts to purchase $ 375 $ 4 $ 3 $ 370 $ 14 $ 1 Forward contracts to sell $ 1,829 $ 52 $ 6 $ 1,840 $ 15 $ 35 The effects of cash flow hedge accounting in our Consolidated Statements of Operations for the fiscal years ended March 31, 2022, 2021 and 2020 are as follows (in millions): Year Ended March 31, 2022 2021 2020 Net revenue Research and development Net revenue Research and development Net revenue Research and development Total amounts presented in our Consolidated Statements of Operations in which the effects of cash flow hedges are recorded $ 6,991 $ 2,186 $ 5,629 $ 1,778 $ 5,537 $ 1,559 Gains (losses) on foreign currency forward contracts designated as cash flow hedges $ (14) $ 12 $ (30) $ 4 $ 71 $ (9) Balance Sheet Hedging Activities Our foreign currency forward contracts that are not designated as hedging instruments are accounted for as derivatives whereby the fair value of the contracts are reported as other current assets or accrued and other current liabilities on our Consolidated Balance Sheets, and gains and losses resulting from changes in the fair value are reported in interest and other income (expense), net, in our Consolidated Statements of Operations. The gains and losses on these foreign currency forward contracts generally offset the gains and losses in the underlying foreign-currency-denominated monetary assets and liabilities, which are also reported in interest and other income (expense), net, in our Consolidated Statements of Operations. Total gross notional amounts and fair values for currency derivatives that are not designated as hedging instruments are accounted for as follows (in millions): As of March 31, 2022 As of March 31, 2021 Notional Amount Fair Value Notional Amount Fair Value Asset Liability Asset Liability Forward contracts to purchase $ 496 $ 6 $ — $ 599 $ — $ 4 Forward contracts to sell $ 400 $ 1 $ 5 $ 450 $ 4 $ — The effect of foreign currency forward contracts not designated as hedging instruments in our Consolidated Statements of Operations for the fiscal years ended March 31, 2022, 2021 and 2020, was as follows (in millions): Year Ended March 31, 2022 2021 2020 Interest and other income (expense), net Total amounts presented in our Consolidated Statements of Operations in which the effects of balance sheet hedges are recorded $ (48) $ (29) $ 63 Gain (losses) on foreign currency forward contracts not designated as hedging instruments $ 21 $ (19) $ (4) |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 12 Months Ended |
Mar. 31, 2022 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Comprehensive Income (Loss) | (6) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The changes in accumulated other comprehensive income (loss) by component, net of tax, for the fiscal years ended March 31, 2022, 2021 and 2020 are as follows (in millions): Unrealized Net Gains (Losses) on Available-for-Sale Securities Unrealized Net Gains (Losses) on Derivative Instruments Foreign Currency Translation Adjustments Total Balances as of March 31, 2019 $ (1) $ 22 $ (51) $ (30) Other comprehensive income (loss) before reclassifications (1) 79 (34) 44 Amounts reclassified from accumulated other comprehensive income (loss) (2) (62) — (64) Total other comprehensive income (loss), net of tax (3) 17 (34) (20) Balances as of March 31, 2020 $ (4) $ 39 $ (85) $ (50) Other comprehensive income (loss) before reclassifications 5 (94) 64 (25) Amounts reclassified from accumulated other comprehensive income (loss) (1) 26 — 25 Total other comprehensive income (loss), net of tax 4 (68) 64 — Balances as of March 31, 2021 $ — $ (29) $ (21) $ (50) Other comprehensive income (loss) before reclassifications (3) 74 (8) 63 Amounts reclassified from accumulated other comprehensive income (loss) — 2 — 2 Total other comprehensive income (loss), net of tax (3) 76 (8) 65 Balances as of March 31, 2022 $ (3) $ 47 $ (29) $ 15 The effects on net income of amounts reclassified from accumulated other comprehensive income (loss) for the fiscal years ended March 31, 2022, 2021 and 2020 were as follows (in millions): Statement of Operations Classification Amount Reclassified From Accumulated Other Comprehensive Income (Loss) Year Ended March 31, 2022 2021 2020 (Gains) losses on available-for-sale securities: Interest and other income (expense), net $ — $ (1) $ (2) Total, net of tax — (1) (2) (Gains) losses on foreign currency forward contracts designated as cash flow hedges Net revenue 14 30 (71) Research and development (12) (4) 9 Total, net of tax 2 26 (62) Total net (gain) loss reclassified, net of tax $ 2 $ 25 $ (64) |
Business Combinations
Business Combinations | 12 Months Ended |
Mar. 31, 2022 | |
Business Combination and Asset Acquisition [Abstract] | |
Business Combinations | (7) BUSINESS COMBINATIONS Fiscal Year 2021 Acquisition Codemasters Group Holdings plc On February 18, 2021, we completed our acquisition of 100% of the equity interests of Codemasters Group Holdings plc, a public limited company registered in England and Wales (“Codemasters”), for a total purchase price of $1.2 billion, net of cash acquired. During the three months ended March 31, 2022, and within the one-year measurement period, we finalized the fair values assigned to the Codemasters assets acquired and liabilities assumed. During fiscal year 2022, we recorded measurement period adjustments related to certain tax liabilities, which resulted in a net $29 million decrease to goodwill in the aggregate. The difference between our preliminary allocation of the purchase price to the fair value of the assets acquired and liabilities assumed during the fourth quarter of fiscal 2021 and the final amounts were not material. Fiscal Year 2022 Acquisitions Glu Mobile Inc. On April 29, 2021, we completed the acquisition of 100% of the equity interests of Glu Mobile Inc., a leading global developer and publisher of mobile games (“Glu” and the “Glu acquisition”) for a total purchase price of $2.0 billion, net of cash acquired of $332 million. The acquisition of Glu is expected to accelerate our mobile growth by creating a combined organization with ongoing live services across multiple games and genres. We also believe that the acquisition will create value by adding Glu’s expertise in casual sports and lifestyle genres to new titles based on our intellectual property. The transaction costs associated with the acquisition totaled approximately $15 million and were recognized in general and administrative expense, of which $11 million were recognized during fiscal 2022, all within the three months ended June 30, 2021. In addition, upon the closing of the Glu acquisition, we assumed all outstanding unvested options and unvested restricted stock units relating to Glu common stock and such awards were converted into corresponding awards relating to a number of shares of our common stock using an exchange ratio equal to 0.0880, with substantially identical terms and conditions as were applicable to the corresponding Glu awards immediately prior to the closing of the acquisition, except as such terms and conditions were modified in the acquisition agreements (“Replacement Awards”). The estimated fair value of the Replacement Awards was $133 million, of which $23 million related to awards for which services were rendered prior to the Glu acquisition and represented part of the purchase consideration transferred in the Glu acquisition. The remaining $110 million is attributable to services to be rendered after the Glu acquisition and will be recognized as stock-based compensation expense over their remaining vesting periods. The following table summarizes the final allocation of the purchase price to the fair value of the assets acquired and liabilities assumed: (In millions) Current assets $ 63 Property and equipment, net 14 Other assets 48 Intangible assets 526 Goodwill 1,506 Deferred tax liabilities (38) Current liabilities (78) Other liabilities (39) Purchase price, net of cash acquired $ 2,002 Intangibles assets by asset category (a) Developed and core technology $ 232 Trade names and trademarks 209 Registered user base and other intangibles 12 In-process research and development 73 Total $ 526 (a) In-process research and development assets are considered indefinite-lived until complete. Excluding the in-process research and development assets, the weighted-average useful life of the Glu’s acquired intangible assets is currently estimated to be approximately 5.5 years. Goodwill consists largely of workforce and synergies with our existing business. The goodwill is not deductible for tax purposes. The results of operations of Glu and the fair value of the assets acquired have been included in our Consolidated Financial Statements since the date of acquisition. Playdemic Limited On September 20, 2021, we completed the acquisition of 100% of the equity interests of Playdemic Limited, a private limited company incorporated in England and Wales (“Playdemic” and the “Playdemic acquisition”) for a total purchase price of $1.4 billion, net of cash acquired. The Playdemic acquisition is intended to be another step in our strategy of continued leadership in sports and mobile expansion. The transaction costs associated with the acquisition totaled approximately $11 million and were recognized in general and administrative expense during the six months ended September 30, 2021. During the three months ended March 31, 2022, we finalized the fair values assigned to the Playdemic assets acquired and liabilities assumed. The difference between the preliminary estimates recognized during the third quarter of fiscal 2022 and the final amounts were not material. The following table summarizes the final allocation of the purchase price to the fair value of the assets acquired and liabilities assumed: (In millions) Current assets $ 17 Property and equipment, net 2 Other assets 3 Intangible assets 438 Goodwill 1,031 Deferred tax liabilities (84) Current liabilities (4) Other liabilities (2) Purchase price, net of cash acquired $ 1,401 Intangibles assets by asset category (b) Developed and core technology $ 177 Trade names and trademarks 223 Registered user base and other intangibles 38 Total $ 438 (b) We currently estimate the weighted-average useful life of Playdemic’s acquired intangible assets to be approximately 6.6 years . Goodwill consists largely of workforce and synergies with our existing business. The goodwill is not deductible for local tax purposes. The results of operations of Playdemic and the fair value of the assets acquired have been included in our Consolidated Financial Statements since the date of acquisition. Additional Acquisition Related Information During fiscal year 2022, we completed one other acquisition that was not material to our Consolidated Financial Statements. Pro forma results of operations of our acquisitions have not been presented because the effect of the acquisitions were not material to our Consolidated Statements of Operations individually, or in the aggregate. |
Goodwill And Acquisition-Relate
Goodwill And Acquisition-Related Intangibles, Net | 12 Months Ended |
Mar. 31, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill And Acquisition-Related Intangibles, Net | (8) GOODWILL AND ACQUISITION-RELATED INTANGIBLES, NET The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2022 are as follows (in millions): As of March 31, 2021 Activity Effects of Foreign Currency Translation As of March 31, 2022 Goodwill $ 3,236 $ 2,519 $ — $ 5,755 Accumulated impairment (368) — — (368) Total $ 2,868 $ 2,519 $ — $ 5,387 The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2021 are as follows (in millions): As of March 31, 2020 Activity Effects of Foreign Currency Translation As of March 31, 2021 Goodwill $ 2,253 $ 984 $ (1) $ 3,236 Accumulated impairment (368) — — (368) Total $ 1,885 $ 984 $ (1) $ 2,868 Acquisition-related intangibles consisted of the following (in millions): As of March 31, 2022 As of March 31, 2021 Gross Accumulated Acquisition- Gross Accumulated Acquisition- Finite-lived acquisition-related intangibles Developed and core technology $ 1,102 $ (643) $ 459 $ 691 $ (472) $ 219 Trade names and trademarks 609 (212) 397 188 (144) 44 Registered user base and other intangibles 56 (30) 26 5 (5) — Carrier contracts and related — — — 85 (85) — Total finite-lived acquisition-related intangibles $ 1,767 $ (885) $ 882 $ 969 $ (706) $ 263 Indefinite-lived acquisition-related intangibles In-process research and development $ 80 $ — $ 80 $ 46 $ — $ 46 Total acquisition-related intangibles, net $ 1,847 $ (885) $ 962 $ 1,015 $ (706) $ 309 Amortization of intangibles, including impairments, for the fiscal years ended March 31, 2022, 2021 and 2020 are classified in the Consolidated Statements of Operations as follows (in millions): Year Ended March 31, 2022 2021 2020 Cost of revenue $ 133 $ 4 $ 12 Operating expenses 183 30 22 Total $ 316 $ 34 $ 34 During fiscal year 2022, we recorded impairment charges of $45 million for acquisition-related intangible assets, of which $34 million was recorded within operating expenses and $11 million was recorded within cost of revenue. During fiscal year 2021 and 2020, there were no impairment charges for acquisition-related intangible assets. Acquisition-related intangible assets are generally amortized using the straight-line method over the lesser of their estimated useful lives or the agreement terms, currently ranging from 1 to 7 years. As of March 31, 2022 and 2021, the weighted-average remaining useful life for acquisition-related intangible assets was approximately 5.2 and 3.5 years, respectively. As of March 31, 2022, future amortization of finite-lived acquisition-related intangibles that will be recorded in the Consolidated Statements of Operations is estimated as follows (in millions): Fiscal Year Ending March 31, 2023 $ 244 2024 159 2025 126 2026 122 2027 102 Thereafter 129 Total $ 882 |
Royalties And Licenses
Royalties And Licenses | 12 Months Ended |
Mar. 31, 2022 | |
Royalties And Licenses [Abstract] | |
Royalties And Licenses | (9) ROYALTIES AND LICENSES Our royalty expenses consist of payments to (1) content licensors, (2) independent software developers, and (3) co-publishing and distribution affiliates. License royalties consist of payments made to celebrities, professional sports organizations, movie studios and other organizations for our use of their trademarks, copyrights, personal publicity rights, content and/or other intellectual property. Royalty payments to independent software developers are payments for the development of intellectual property related to our games. Co-publishing and distribution royalties are payments made to third parties for the delivery of products. During fiscal years 2022, 2021 and 2020, we did not recognize any material losses or impairment charges on royalty-based commitments. The current and long-term portions of prepaid royalties and minimum guaranteed royalty-related assets, included in other current assets and other assets, consisted of (in millions): As of March 31, 2022 2021 Other current assets $ 35 $ 24 Other assets 28 20 Royalty-related assets $ 63 $ 44 At any given time, depending on the timing of our payments to our co-publishing and/or distribution affiliates, content licensors, and/or independent software developers, we classify any recognized unpaid royalty amounts due to these parties as accrued liabilities. The current and long-term portions of accrued royalties, included in accrued and other current liabilities and other liabilities, consisted of (in millions): As of March 31, 2022 2021 Accrued royalties $ 203 $ 210 Other liabilities 3 — Royalty-related liabilities $ 206 $ 210 As of March 31, 2022, we were committed to pay approximately $1,851 million to content licensors, independent software developers, and co-publishing and/or distribution affiliates, but performance remained with the counterparty (i.e., delivery of the product or content or other factors) and such commitments were therefore not recorded in our Consolidated Financial Statements. See Note 14 for further information on our developer and licensor commitments. |
Balance Sheet Details
Balance Sheet Details | 12 Months Ended |
Mar. 31, 2022 | |
Balance Sheet Related Disclosures [Abstract] | |
Balance Sheet Details | (10) BALANCE SHEET DETAILS Property and Equipment, Net Property and equipment, net, as of March 31, 2022 and 2021 consisted of (in millions): As of March 31, 2022 2021 Computer, equipment and software $ 853 $ 808 Buildings 375 370 Leasehold improvements 202 172 Equipment, furniture and fixtures, and other 95 93 Land 66 66 Construction in progress 30 12 1,621 1,521 Less: accumulated depreciation (1,071) (1,030) Property and equipment, net $ 550 $ 491 Depreciation expense associated with property and equipment was $162 million, $138 million and $120 million for the fiscal years ended March 31, 2022, 2021 and 2020, respectively. Accrued and Other Current Liabilities Accrued and other current liabilities as of March 31, 2022 and 2021 consisted of (in millions): As of March 31, 2022 2021 Other accrued expenses $ 304 $ 351 Accrued compensation and benefits 500 494 Accrued royalties 203 210 Sales returns and price protection reserves 144 115 Deferred net revenue (other) 156 95 Operating lease liabilities (See Note 13 ) 81 76 Accrued and other current liabilities $ 1,388 $ 1,341 Deferred net revenue (other) includes the deferral of subscription revenue, licensing arrangements, advertising revenue, and other revenue for which revenue recognition criteria have not been met. Deferred net revenue Deferred net revenue as of March 31, 2022 and 2021, consisted of (in millions): As of March 31, 2022 2021 Deferred net revenue (online-enabled games) $ 2,024 $ 1,527 Deferred net revenue (other) 156 95 Deferred net revenue (noncurrent) 68 14 Total deferred net revenue $ 2,248 $ 1,636 During the fiscal years ended March 31, 2022 and 2021, we recognized $1,613 million and $1,010 million of revenues, respectively, that were included in the deferred net revenue balance at the beginning of the period. Remaining Performance Obligations As of March 31, 2022, revenue allocated to remaining performance obligations consists of our deferred revenue balance of $2,248 million and amounts to be invoiced in future periods of $45 million, of which $29 million are expected to be recognized as revenue over the next 12 months, and the remainder thereafter. These balances exclude any estimates for future variable consideration as we have elected the optional exemption to exclude sales-based royalty revenue. |
Income Taxes
Income Taxes | 12 Months Ended |
Mar. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | (11) INCOME TAXES The components of our income before provision for (benefit from) income taxes for the fiscal years ended March 31, 2022, 2021 and 2020 are as follows (in millions): Year Ended March 31, 2022 2021 2020 Domestic $ 204 $ 299 $ 380 Foreign 877 718 1,128 Income before provision for (benefit from) income taxes $ 1,081 $ 1,017 $ 1,508 Provision for (benefit from) income taxes for the fiscal years ended March 31, 2022, 2021 and 2020 consisted of (in millions): Current Deferred Total Year Ended March 31, 2022 Federal $ 203 $ (190) $ 13 State 36 (26) 10 Foreign 381 (112) 269 $ 620 $ (328) $ 292 Year Ended March 31, 2021 Federal $ 251 $ (26) $ 225 State 24 (2) 22 Foreign 47 (114) (67) $ 322 $ (142) $ 180 Year Ended March 31, 2020 Federal $ 258 $ (14) $ 244 State 39 (2) 37 Foreign 48 (1,860) (1,812) $ 345 $ (1,876) $ (1,531) The differences between the statutory tax rate and our effective tax rate, expressed as a percentage of income before provision for (benefit from) income taxes, for the fiscal years ended March 31, 2022, 2021 and 2020 were as follows: Year Ended March 31, 2022 2021 2020 Statutory federal tax expense rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 1.9 % 1.7 % 1.0 % Differences between statutory rate and foreign effective tax rate 6.8 % 7.0 % (8.4) % Excess tax benefit from equity compensation (1.2) % (2.7) % (0.1) % Research and development credits (2.8) % (2.4) % (1.2) % Swiss Deferred Tax Asset 2.7 % (10.1) % (122.1) % Acquired IP intra-entity sales (5.9) % — % — % The Altera opinion — % — % 5.4 % Non-deductible stock-based compensation 3.8 % 3.3 % 2.3 % Other 0.7 % (0.1) % 0.6 % Effective tax rate 27.0 % 17.7 % (101.5) % During the fiscal year ended March 31, 2020, we completed an intra-entity sale of some of our intellectual property rights to our Swiss subsidiary, where our international business is headquartered. The transaction did not result in a taxable gain. Under U.S. GAAP, any profit resulting from this intercompany transaction was eliminated upon consolidation. However, the transaction resulted in a step-up of the Swiss tax-deductible basis in the transferred intellectual property rights and, accordingly, created a temporary difference between the book basis and the tax basis of such intellectual property rights (“Swiss Deferred Tax Asset”). The Swiss Deferred Tax Asset and the one-time tax benefit was measured and will be periodically remeasured based on the Swiss tax rate in effect for the years the asset will be recovered. During the fiscal year ended March 31, 2020, we recognized $1.840 billion of tax benefits related to the Swiss Deferred Tax Asset, which is net of the impact of a $131 million valuation allowance and a $393 million reduction due to the impact of the decision of the Ninth Circuit Court of Appeals in Altera Corp. v Commissioner (“the Altera opinion”). The Altera opinion also resulted in the recognition of a one-time charge of $80 million related to prior period U.S. uncertain tax positions during the fiscal year ended March 31, 2020. In total, during the fiscal year ended March 31, 2020, we recognized one-time tax benefits of $1.760 billion related to the $1.840 billion Swiss Deferred Tax Asset, partially offset by the $80 million one-time Altera opinion charge. Our effective tax rate and resulting provision for income taxes for the fiscal year ended March 31, 2021 includes a $141 million tax benefit for changes in uncertain tax positions and the valuation allowance related to our Swiss Deferred Tax Asset. During the fiscal year ended March 31, 2022, we recognized a $29 million tax charge to increase the valuation allowance on our Swiss Deferred Tax Asset. During the fiscal year ended March 31, 2022, we completed the Acquired IP intra-entity sales of intellectual property rights to our U.S. and Swiss intellectual property owners. The transactions resulted in overall taxable gains. Under U.S. GAAP, any profit resulting from the Acquired IP intra-entity sales was eliminated upon consolidation. However, the transactions resulted in a step-up of the U.S. and Swiss tax-deductible basis in the transferred intellectual property rights and, accordingly, created a temporary difference between the book basis and the tax basis of such intellectual property rights. As a result, we recognized a $64 million net tax benefit for the current and deferred tax impacts of the sales. Our foreign subsidiaries are generally subject to U.S. tax, and to the extent earnings from these subsidiaries can be repatriated without a material tax cost, such earnings will not be indefinitely reinvested. As of March 31, 2022, approximately $2.0 billion of our cash and cash equivalents were domiciled in foreign tax jurisdictions. All of our foreign cash is available for repatriation without a material tax cost. The components of net deferred tax assets, as of March 31, 2022 and 2021 consisted of (in millions): As of March 31, 2022 2021 Deferred tax assets: Accruals, reserves and other expenses $ 185 $ 158 Tax credit carryforwards 198 161 Stock-based compensation 43 43 Net operating loss and capital loss carryforwards 349 258 Swiss intra-entity tax asset 1,782 1,781 Total 2,557 2,401 Valuation allowance (296) (230) Deferred tax assets, net of valuation allowance 2,261 2,171 Deferred tax liabilities: Amortization and depreciation (13) (140) ASC 606 Revenue Recognition — (21) Other (7) (8) Total (20) (169) Deferred tax assets, net of valuation allowance and deferred tax liabilities $ 2,241 $ 2,002 As of March 31, 2022, we have net operating loss carry forwards of approximately $2.5 billion of which approximately $328 million is attributable to various acquired companies. The net operating loss carry forwards include $2.1 billion related to Switzerland, $239 million related to U.S. federal, and $119 million related to California. Substantially all of these carryforwards, if not fully realized, will begin to expire in fiscal year 2027. Switzerland has a seven-year carryforward period and does not permit the carry back of losses. We also have U.S. federal credit carryforwards of $13 million and California credit carryforwards of $174 million. The California tax credit carryforwards can be carried forward indefinitely. As of March 31, 2022, we maintained a total valuation allowance of $296 million related to certain U.S. state deferred tax assets, Swiss deferred tax asset, and foreign capital loss carryovers, due to uncertainty about the future realization of these assets. The total unrecognized tax benefits as of March 31, 2022, 2021 and 2020 were $636 million, $584 million and $983 million, respectively. A reconciliation of the beginning and ending balance of unrecognized tax benefits is summarized as follows (in millions): Balance as of March 31, 2019 $ 417 Increases in unrecognized tax benefits related to prior year tax positions 111 Decreases in unrecognized tax benefits related to prior year tax positions (4) Increases in unrecognized tax benefits related to current year tax positions 468 Decreases in unrecognized tax benefits related to settlements with taxing authorities — Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations (5) Changes in unrecognized tax benefits due to foreign currency translation (4) Balance as of March 31, 2020 983 Increases in unrecognized tax benefits related to prior year tax positions 12 Decreases in unrecognized tax benefits related to prior year tax positions (444) Increases in unrecognized tax benefits related to current year tax positions 55 Decreases in unrecognized tax benefits related to settlements with taxing authorities (2) Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations (27) Changes in unrecognized tax benefits due to foreign currency translation 7 Balance as of March 31, 2021 584 Increases in unrecognized tax benefits related to prior year tax positions 5 Decreases in unrecognized tax benefits related to prior year tax positions (21) Increases in unrecognized tax benefits related to current year tax positions 139 Decreases in unrecognized tax benefits related to settlements with taxing authorities (50) Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations (18) Changes in unrecognized tax benefits due to foreign currency translation (3) Balance as of March 31, 2022 $ 636 As of March 31, 2022, approximately $371 million of the unrecognized tax benefits would affect our effective tax rate, a portion of which would be impacted by a valuation allowance. Interest and penalties related to estimated obligations for tax positions taken in our tax returns are recognized in income tax expense in our Consolidated Statements of Operations. The combined amount of accrued interest and penalties related to tax positions taken on our tax returns and included in non-current other liabilities was approximately $36 million as of March 31, 2022 and $34 million as of March 31, 2021. We file income tax returns in the United States, including various state and local jurisdictions. As of March 31, 2022, our subsidiaries file tax returns in various foreign jurisdictions, including Switzerland, Canada, Sweden, Italy, France, Germany, and the United Kingdom. We remain subject to income tax examination by the IRS for fiscal years after 2017. In addition, as of the period ended March 31, 2022, we remain subject to income tax examination for several other jurisdictions including in Switzerland for fiscal years after 2013, Canada for fiscal years after 2014, Sweden for fiscal years after 2016, Italy for fiscal years after 2020, France for fiscal years after 2019, Germany for fiscal years after 2016, and the United Kingdom for fiscal years after 2020. We are also currently under income tax examination in the United States for fiscal years 2018 through 2020, Germany for fiscal years 2017 through 2019, and Spain for fiscal years 2017 and 2018. The timing and potential resolution of income tax examinations is highly uncertain. While we continue to measure our uncertain tax positions, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued. In fiscal year 2021, the Supreme Court of the United States denied Altera’s appeal of the Altera opinion, resulting in a partial decrease of our unrecognized tax benefits. A complete resolution and settlement of the matters underlying the Altera opinion is reasonably possible within the next 12 months, which would result in an additional reduction of our gross unrecognized tax benefits. However, it is uncertain whether a complete resolution and settlement of such matters would also result in resolution of all related and unrelated U.S. positions for all applicable years. Therefore, it is not possible to provide a range of potential outcomes associated with a reversal of our gross unrecognized tax benefits for Altera-related uncertain tax positions. It is also reasonably possible that an additional reduction of up to $6 million of unrecognized tax benefits may occur within the next 12 months, unrelated to the Altera opinion, a portion of which would impact our effective tax rate. The actual amount could vary significantly depending on the ultimate timing and nature of any settlements and tax interpretations. |
Financing Arrangement
Financing Arrangement | 12 Months Ended |
Mar. 31, 2022 | |
Debt Instruments [Abstract] | |
Financing Arrangement | (12) FINANCING ARRANGEMENTS Senior Notes In February 2021, we issued $750 million aggregate principal amount of 1.85% Senior Notes due February 15, 2031 (the “2031 Notes”) and $750 million aggregate principal amount of 2.95% Senior Notes due February 15, 2051 (the “2051 Notes”). Our proceeds were $1,478 million, net of discount of $6 million and issuance costs of $16 million. Both the discount and issuance costs are being amortized to interest expense over the respective terms of the 2031 Notes and the 2051 Notes using the effective interest rate method. The effective interest rate is 1.98% for the 2031 Notes and 3.04% for the 2051 Notes. Interest is payable semiannually in arrears, on February 15 and August 15 of each year. In February 2016, we issued $400 million aggregate principal amount of 4.80% Senior Notes due March 1, 2026 (the “2026 Notes”). Our proceeds were $395 million, net of discount of $1 million and issuance costs of $4 million. Both the discount and issuance costs are being amortized to interest expense over the term of the 2026 Notes using the effective interest rate method. The effective interest rate was 4.97%. Interest is payable semiannually in arrears, on March 1 and September 1 of each year. The carrying and fair values of the Senior Notes are as follows (in millions): As of March 31, 2022 As of March 31, 2021 Senior Notes: 4.80% Senior Notes due 2026 $ 400 $ 400 1.85% Senior Notes due 2031 750 750 2.95% Senior Notes due 2051 750 750 Total principal amount $ 1,900 $ 1,900 Unaccreted discount (6) (7) Unamortized debt issuance costs (16) (17) Net carrying value of Senior Notes $ 1,878 $ 1,876 Fair value of Senior Notes (Level 2) $ 1,711 $ 1,873 As of March 31, 2022, the remaining life of the 2026 Notes, 2031 Notes and 2051 Notes is approximately 3.9 years, 8.9 years, and 28.9 years, respectively. The Senior Notes are senior unsecured obligations and rank equally with all our other existing and future unsubordinated obligations and any indebtedness that we may incur from time to time under our Credit Facility. The 2026 Notes, 2031 Notes and 2051 Notes are redeemable at our option at any time prior to December 1, 2025, November 15, 2030, and August 15, 2050, respectively, subject to a make-whole premium. After such dates, we may redeem each such series of Notes, respectively, at a redemption price equal to 100% of the aggregate principal amount plus accrued and unpaid interest. In addition, upon the occurrence of a change of control repurchase event, the holders of each such series of Notes may require us to repurchase all or a portion of these Notes, at a price equal to 101% of their principal amount, plus accrued and unpaid interest to the date of repurchase. Each such series of Notes also include covenants that limit our ability to incur liens on assets and to enter into sale and leaseback transactions, subject to certain allowances. Credit Facility On August 29, 2019, we entered into a $500 million unsecured revolving credit facility (“Credit Facility”) with a syndicate of banks. The Credit Facility terminates on August 29, 2024 unless the maturity is extended in accordance with its terms. The Credit Facility contains an option to arrange with existing lenders and/or new lenders to provide up to an aggregate of $500 million in additional commitments for revolving loans. Proceeds of loans made under the Credit Facility may be used for general corporate purposes. The loans bear interest at the base rate plus an applicable spread, with such spread being determined based on our debt credit ratings. We are also obligated to pay other customary fees for a credit facility of this size and type. Interest is due and payable in arrears quarterly for loans bearing interest at the base rate and at the end of an interest period (or at each three month interval in the case of loans with interest periods greater than three months). Principal, together with all accrued and unpaid interest, is due and payable at maturity. We may prepay the loans and terminate the commitments, in whole or in part, at any time without premium or penalty, subject to certain conditions. The credit agreement contains customary affirmative and negative covenants, including covenants that limit or restrict our ability to, among other things, incur subsidiary indebtedness, grant liens, and dispose of all or substantially all assets, in each case subject to customary exceptions for a credit facility of this size and type. We are also required to maintain compliance with a debt to EBITDA ratio. As of March 31, 2022, we were in compliance with the debt to EBITDA ratio. The credit agreement contains customary events of default, including among others, non-payment defaults, covenant defaults, cross-defaults to material indebtedness, bankruptcy and insolvency defaults, material judgment defaults and a change of control default, in each case, subject to customary exceptions for a credit facility of this size and type. The occurrence of an event of default could result in the acceleration of the obligations under the Credit Facility and an increase in the applicable interest rate. As of March 31, 2022 and 2021, no amounts were outstanding under the Credit Facility. $2 million of debt issuance costs that were paid in connection with obtaining this credit facility are being amortized to interest expense over the 5-year term of the Credit Facility. Interest Expense The following table summarizes our interest expense recognized for fiscal years 2022, 2021 and 2020 that is included in interest and other income (expense), net on our Consolidated Statements of Operations (in millions): Year Ended March 31, 2022 2021 2020 Amortization of debt discount $ (1) $ — $ — Amortization of debt issuance costs (2) (2) (2) Coupon interest expense (55) (43) (42) Total interest expense $ (58) $ (45) $ (44) |
Leases, Codification Topic 842
Leases, Codification Topic 842 | 12 Months Ended |
Mar. 31, 2022 | |
Leases [Abstract] | |
Lessee, Operating Leases | (13) LEASES Our leases primarily consist of facility leases for our offices and development studios, data centers, and server equipment, with remaining lease terms of up to 15 years. Our lease terms may include options to extend or terminate the lease. When it is reasonably certain that we will exercise that option, we include the renewals or reduced lease terms in our calculation of operating lease liabilities. Substantially all of our leases are classified as operating leases. We determine if an arrangement is or contains a lease at contract inception. The contract is or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. In determining if a contract is or contains a lease, we apply judgment whether the contract provides the right to obtain substantially all of the economic benefits, the right to direct, or control the use of the identified asset throughout the period of use. Operating lease right-of-use (“ROU”) assets and liabilities are recognized at the commencement date based on the present value of future lease payments over the lease term. In determining the present value of the future lease payments, we use our incremental borrowing rate as none of our leases provide an implicit rate. Our incremental borrowing rate is an assumed rate based on our credit rating, credit history, current economic environment, and the lease term. Operating lease ROU assets are further adjusted for any payments made, incentives received, and initial direct costs incurred prior to the commencement date. Operating lease ROU assets are amortized on a straight-line basis over the lease term and recognized as lease expense within cost of revenue or operating expenses on our Consolidated Statements of Operations. Operating lease liabilities decrease by lease payments we make over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Some of our operating leases contain lease and non-lease components. Non-lease components primarily include fixed payments for common area maintenance and utilities. We elected to account for lease and non-lease components as a single lease component. Variable lease and non-lease components are recognized on our Consolidated Statements of Operations as incurred. The components of lease expenses for the fiscal years ended March 31, 2022, 2021, and 2020 are as follows (in millions): Year Ended March 31, 2022 2021 2020 Operating lease costs $ 98 $ 87 $ 70 Variable lease costs 21 21 37 Short-term lease costs 2 2 14 Total lease expense $ 121 $ 110 $ 121 Supplemental cash and noncash information related to our operating leases for the fiscal years ended March 31, 2022, 2021, and 2020 are as follows (in millions): Year Ended March 31, 2022 2021 2020 Cash paid for amounts included in the measurement of lease liability $ 97 $ 85 $ 69 ROU assets obtained in exchange for new lease obligations $ 150 $ 90 $ 52 Weighted average remaining lease term and discount rate at March 31, 2022 and 2021 are as follows: At March 31, 2022 At March 31, 2021 Lease term 6.8 years 7.2 years Discount rate 2.5 % 2.7 % Operating lease ROU assets and liabilities recorded on our Consolidated Balance Sheets as of March 31, 2022 and 2021 are as follows (in millions): As of March 31, Balance Sheet Classification 2022 2021 Operating lease ROU assets $ 314 $ 242 Other assets Operating lease liabilities $ 81 $ 76 Accrued and other current liabilities Noncurrent operating lease liabilities 272 202 Other liabilities Total operating lease liabilities $ 353 $ 278 Future minimum lease payments under operating leases as of March 31, 2022 were as follows (in millions): Fiscal Years Ending March 31, 2023 $ 86 2024 73 2025 56 2026 46 2027 31 Thereafter 93 Total future lease payments 385 Less imputed interest (32) Total operating lease liabilities $ 353 In addition to what is included in the table above, as of March 31, 2022, we have entered into three office leases and two equipment leases that have not yet commenced with aggregate future lease payments of approximately $138 million. These leases are expected to commence between fiscal year 2023 and fiscal year 2025, and will have lease terms ranging from 2 to 12 years. |
Commitments And Contingencies
Commitments And Contingencies | 12 Months Ended |
Mar. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments And Contingencies | (14) COMMITMENTS AND CONTINGENCIES Development, Celebrity, League and Content Licenses: Payments and Commitments The products we produce in our studios are designed and created by our employee designers, artists, software programmers and by non-employee software developers (“independent artists” or “third-party developers”). We typically advance development funds to the independent artists and third-party developers during development of our games, usually in installment payments made upon the completion of specified development milestones. Contractually, these payments are generally considered advances against subsequent royalties on the sales of the products. These terms are set forth in written agreements entered into with the independent artists and third-party developers. In addition, we have certain celebrity, league and content license contracts that contain minimum guarantee payments and marketing commitments to promote the games we publish that may not be dependent on any deliverables. These developer and content license commitments represent the sum of (1) the cash payments due under non-royalty-bearing licenses and services agreements and (2) the minimum guaranteed payments and advances against royalties due under royalty-bearing licenses and services agreements, the majority of which are conditional upon performance by the counterparty. These minimum guarantee payments and any related marketing commitments are included in the table below. The following table summarizes all of our minimum contractual obligations as of March 31, 2022 (in millions): Fiscal Years Ending March 31, Total 2023 2024 2025 2026 2027 Thereafter Unrecognized commitments Developer/licensor commitments $ 1,851 $ 316 $ 449 $ 434 $ 357 $ 81 $ 214 Marketing commitments 837 231 206 191 125 54 30 Senior Notes interest 836 49 55 55 54 36 587 Operating lease imputed interest 32 8 6 5 3 2 8 Operating leases not yet commenced 138 13 8 7 13 11 86 Other purchase obligations 134 64 55 10 4 1 — Total unrecognized commitments 3,828 681 779 702 556 185 925 Recognized commitments Senior Notes principal and interest 1,906 6 — — 400 — 1,500 Operating leases 353 78 67 51 43 29 85 Transition Tax and other taxes 19 2 4 6 7 — — Total recognized commitments 2,278 86 71 57 450 29 1,585 Total Commitments $ 6,106 $ 767 $ 850 $ 759 $ 1,006 $ 214 $ 2,510 The unrecognized amounts represented in the table above reflect our minimum cash obligations for the respective fiscal years, but do not necessarily represent the periods in which they will be recognized and expensed in our Consolidated Financial Statements. In addition, the amounts in the table above are presented based on the dates the amounts are contractually due as of March 31, 2022; however, certain payment obligations may be accelerated depending on the performance of our operating results. In addition to what is included in the table above, as of March 31, 2022, we had a net liability for unrecognized tax benefits and an accrual for the payment of related interest totaling $369 million, of which we are unable to make a reasonably reliable estimate of when cash settlement with a taxing authority will occur. Legal Proceedings The Netherlands Gambling Authority had asserted that the randomized selection of virtual items in the FIFA Ultimate Team game mode of our FIFA franchise contravened the Dutch Betting and Gaming Act. On March 10, 2022, the Council of State in the Netherlands found that this randomized selection of virtual items is not a game of chance under Dutch gambling law. This is a final decision by the Council of State, which is the highest administrative court in the Netherlands, and this matter is effectively closed. We are also subject to claims and litigation arising in the ordinary course of business. We do not believe that any liability from any reasonably foreseeable disposition of such claims and litigation, individually or in the aggregate, would have a material adverse effect on our Consolidated Financial Statements. |
Stock-Based Compensation
Stock-Based Compensation | 12 Months Ended |
Mar. 31, 2022 | |
Share-Based Payment Arrangement, Noncash Expense [Abstract] | |
Stock-Based Compensation And Employee Benefit Plans | (15) STOCK-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS Valuation Assumptions We recognize compensation cost for stock-based awards to employees based on the awards’ estimated grant-date fair value using a straight-line approach over the service period for which such awards are expected to vest. We account for forfeitures as they occur. The estimation of the fair value of market-based restricted stock units, stock options and ESPP purchase rights is affected by assumptions regarding subjective and complex variables. Generally, our assumptions are based on historical information and judgment is required to determine if historical trends may be indicators of future outcomes. We estimate the fair value of our stock-based awards as follows: • Restricted Stock Units and Performance-Based Restricted Stock Units . The fair value of restricted stock units and performance-based restricted stock units (other than market-based restricted stock units) is determined based on the quoted market price of our common stock on the date of grant. • Market-Based Restricted Stock Units . Market-based restricted stock units consist of grants of performance-based restricted stock units to certain members of executive management that vest contingent upon the achievement of pre-determined market and service conditions (referred to herein as “market-based restricted stock units”). The fair value of our market-based restricted stock units is estimated using a Monte-Carlo simulation model. Key assumptions for the Monte-Carlo simulation model are the risk-free interest rate, expected volatility, expected dividends and correlation coefficient. • Stock Options and Employee Stock Purchase Plan . The fair value of stock options and stock purchase rights granted pursuant to our equity incentive plans and our 2000 Employee Stock Purchase Plan, as amended (“ESPP”), respectively, is estimated using the Black-Scholes valuation model based on the multiple-award valuation method. Key assumptions of the Black-Scholes valuation model are the risk-free interest rate, expected volatility, expected term and expected dividends. The risk-free interest rate is based on U.S. Treasury yields in effect at the time of grant for the expected term of the option. Expected volatility is based on a combination of historical stock price volatility and implied volatility of publicly-traded options on our common stock. An expected term is estimated based on historical exercise behavior, post-vesting termination patterns, options outstanding and future expected exercise behavior. There were an insignificant number of stock options granted during fiscal years 2022, 2021, and 2020. The estimated assumptions used in the Black-Scholes valuation model to value our ESPP purchase rights were as follows: ESPP Purchase Rights Year Ended March 31, 2022 2021 2020 Risk-free interest rate 0.1 - 1.1% 0.1 % 1.5 - 1.9% Expected volatility 25 - 30% 32 - 39% 23 - 37% Weighted-average volatility 27% 36% 26% Expected term 6 - 12 months 6 - 12 months 6 - 12 months Expected dividends 0.6% 0.3 % None The assumptions used in the Monte-Carlo simulation model to value our market-based restricted stock units were as follows: Year Ended March 31, 2022 2021 2020 Risk-free interest rate 0.4% 0.2 % 1.6 - 1.8% Expected volatility 24 - 76% 23 - 63% 14 - 65% Weighted-average volatility 40% 37% 29% Expected dividends None None None Summary of Plans and Plan Activity Equity Incentive Plans At our Annual Meeting of Stockholders, held on August 8, 2019, our stockholders approved the 2019 Equity Incentive Plan (the “2019 Equity Plan”), which replaced our 2000 Equity Incentive Plan, as amended (the “2000 Equity Plan”). Our 2019 Equity Plan allows us to grant options to purchase our common stock and to grant restricted stock, restricted stock units and stock appreciation rights to our employees, officers, and directors, up to a maximum of 13.5 million shares, plus any shares authorized for grant or subject to awards under the 2000 Equity Plan that are not delivered to participants for any reason. Pursuant to the 2019 Equity Plan, incentive stock options may be granted to employees and officers and non-qualified options may be granted to employees, officers, and directors, at not less than 100 percent of the fair market value on the date of grant. Approximately 12.5 million options or 8.7 million restricted stock units were available for grant under our 2019 Equity Plan as of March 31, 2022. Stock Options Options granted under the 2019 Equity Plan and the 2000 Equity Plan generally expire ten The following table summarizes our stock option activity for the fiscal year ended March 31, 2022: Options Weighted- Weighted- Aggregate Outstanding as of March 31, 2021 267 $ 35.71 Assumed via acquisition 150 60.87 Granted 3 138.32 Exercised (92) 54.43 Forfeited, cancelled or expired (42) 67.04 Outstanding as of March 31, 2022 286 $ 39.28 2.75 $ 25 Vested and expected to vest 286 $ 39.28 2.75 $ 25 Exercisable as of March 31, 2022 279 $ 38.06 2.65 $ 24 The aggregate intrinsic value represents the total pre-tax intrinsic value based on our closing stock price as of March 31, 2022, which would have been received by the option holders had all the option holders exercised their options as of that date. The total intrinsic values of stock options exercised during fiscal years 2022, 2021, and 2020 were $8 million, $76 million, and $22 million, respectively. We issue new common stock from our authorized shares upon the exercise of stock options. Restricted Stock Units We grant restricted stock units under our 2019 Equity Plan to employees worldwide. Restricted stock units are unfunded, unsecured rights to receive common stock upon the satisfaction of certain vesting criteria. Upon vesting, a number of shares of common stock equivalent to the number of restricted stock units is typically issued net of required tax withholding requirements, if any. Restricted stock units are subject to forfeiture and transfer restrictions. Vesting for restricted stock units is based on the holders’ continued employment with us through each applicable vest date. If the vesting conditions are not met, unvested restricted stock units will be forfeited. Our restricted stock units generally vest over 35 months to four years. Each restricted stock unit granted reduces the number of shares available for grant by 1.43 shares under our 2019 Equity Plan. The following table summarizes our restricted stock units activity, excluding performance-based and market-based restricted stock unit activity which is discussed below, for the fiscal year ended March 31, 2022: Restricted Weighted- Outstanding as of March 31, 2021 5,764 $ 113.25 Assumed via acquisition 816 120.54 Granted 4,598 139.66 Vested (3,345) 114.55 Forfeited or cancelled (1,151) 125.41 Outstanding as of March 31, 2022 6,682 $ 129.57 The grant date fair value of restricted stock units is based on the quoted market price of our common stock on the date of grant. The weighted-average grant date fair values of restricted stock units granted during fiscal years 2022, 2021, and 2020 were $136.78, $127.27, and $93.52 respectively. The fair values of restricted stock units that vested during fiscal years 2022, 2021, and 2020 were $457 million, $420 million, and $240 million, respectively. Performance-Based Restricted Stock Units Our performance-based restricted stock units vest upon the achievement of pre-determined performance-based milestones, including, but not limited to, management reporting milestones of net bookings and operating income metrics, as well as service conditions. If these performance-based milestones are not met but service conditions are met, the performance-based restricted stock units will not vest, in which case any compensation expense we have recognized to date will be reversed. Generally, the measurement periods of our performance-based restricted stock units are 3 to 4 years, with awards vesting after each annual measurement period or cliff-vesting after the completion of the total aggregate measurement period. Each quarter, we update our assessment of the probability that the performance milestones will be achieved. We amortize the fair values of performance-based restricted stock units over the requisite service period. The performance-based restricted stock units contain threshold, target and maximum milestones for each performance-based milestone. The number of shares of common stock to be issued at vesting will range from zero to 200 percent of the target number of performance-based restricted stock units attributable to each performance-based milestone based on the company’s performance as compared to these threshold, target and maximum performance-based milestones. Each performance-based milestone is weighted evenly and the number of shares that vest based on each performance-based milestone is independent from the other. The following table summarizes our performance-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the fiscal year ended March 31, 2022: Performance- Weighted- Outstanding as of March 31, 2021 579 $ 110.51 Granted 300 140.48 Vested (266) 110.51 Forfeited or cancelled (423) 117.33 Outstanding as of March 31, 2022 190 $ 142.60 Market-Based Restricted Stock Units Our market-based restricted stock units vest contingent upon the achievement of pre-determined market and service conditions. If these market conditions are not met but service conditions are met, the market-based restricted stock units will not vest; however, any compensation expense we have recognized to date will not be reversed. The number of shares of common stock to be issued at vesting will range from zero to 200 percent of the target number of market-based restricted stock units based on our total stockholder return (“TSR”) relative to the performance of companies in the Nasdaq-100 Index for each measurement period, over either a one-year, two-year cumulative and three-year cumulative period, a two-year and four-year cumulative period or a three-year period. The following table summarizes our market-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the year ended March 31, 2022 : Market-Based Weighted- Outstanding as of March 31, 2021 2,195 $ 134.60 Granted 175 170.44 Vested (271) 123.82 Forfeited or cancelled (778) 146.26 Outstanding as of March 31, 2022 1,321 $ 134.69 The weighted-average grant date fair values of market-based restricted stock units granted during fiscal years 2022, 2021, and 2020 were $170.44, $145.78, and $109.04, respectively. The fair values of market-based restricted stock units that vested during fiscal years 2022, 2021, and 2020 were $37 million, $19 million, and $9 million, respectively. ESPP Pursuant to our ESPP, eligible employees may authorize payroll deductions of between 2 percent and 10 percent of their compensation to purchase shares of common stock at 85 percent of the lower of the market price of our common stock on the date of commencement of the applicable offering period or on the last day of each six-month purchase period. The following table summarizes our ESPP activity for fiscal years ended March 31, 2022, 2021 and 2020: Shares Issued Exercise Prices for Purchase Rights Weighted-Average Fair Values of Purchase Rights Fiscal Year 2020 0.7 $74.70 - $74.89 $ 29.05 Fiscal Year 2021 0.7 $74.70 - $119.37 $ 29.80 Fiscal Year 2022 0.6 $113.39 - $118.14 $ 35.94 The fair values were estimated on the date of grant using the Black-Scholes valuation model. We issue new common stock out of the ESPP’s pool of authorized shares. As of March 31, 2022, 4.3 million shares were available for grant under our ESPP. Stock-Based Compensation Expense The following table summarizes stock-based compensation expense resulting from stock options, restricted stock units, market-based restricted stock units, performance-based restricted stock units, and the ESPP purchase rights included in our Consolidated Statements of Operations (in millions): Year Ended March 31, 2022 2021 2020 Cost of revenue $ 6 $ 5 $ 4 Research and development 356 285 229 Marketing and sales 54 46 37 General and administrative 112 99 77 Stock-based compensation expense $ 528 $ 435 $ 347 During the fiscal years ended March 31, 2022, 2021, and 2020, we recognized $68 million, $56 million, and $43 million, respectively, of deferred income tax benefit related to our stock-based compensation expense. As of March 31, 2022, our total unrecognized compensation cost related to stock options, restricted stock units, market-based restricted stock units, and performance-based restricted stock units was $688 million and is expected to be recognized over a weighted-average service period of 1.8 years. Of the $688 million of unrecognized compensation cost, $634 million relates to restricted stock units, $46 million relates to market-based restricted stock units, and $8 million relates to performance-based restricted stock units at a 147 percent average payout. Deferred Compensation Plan We have a Deferred Compensation Plan (“DCP”) for the benefit of a select group of management or highly compensated employees and directors, which is unfunded and intended to be a plan that is not qualified within the meaning of section 401(a) of the Internal Revenue Code. The DCP permits the deferral of the annual base salary and/or director cash compensation up to a maximum amount. The deferrals are held in a separate trust, which has been established by us to administer the DCP. The trust is a grantor trust and the specific terms of the trust agreement provide that the assets of the trust are available to satisfy the claims of general creditors in the event of our insolvency. The assets held by the trust are classified as trading securities and are held at fair value on our Consolidated Balance Sheets. The assets and liabilities of the DCP are presented in other assets and other liabilities on our Consolidated Balance Sheets, respectively, with changes in the fair value of the assets and in the deferred compensation liability recognized as compensation expense. The estimated fair value of the assets was $21 million and $18 million as of March 31, 2022 and 2021, respectively. As of March 31, 2022 and 2021, $22 million and $19 million were recorded, respectively, to recognize undistributed deferred compensation due to employees. 401(k) Plan, Registered Retirement Savings Plan and ITP Plan We have a 401(k) plan covering substantially all of our U.S. employees, a Registered Retirement Savings Plan covering substantially all of our Canadian employees, and an ITP pension plan covering substantially all our Swedish employees. These plans may permit us to make discretionary contributions to employees’ accounts based on our financial performance. We contributed an aggregate of $41 million, $40 million, and $29 million to these plans in fiscal years 2022, 2021, and 2020, respectively. Stock Repurchase Program In May 2018, a Special Committee of our Board of Directors, on behalf of the full Board of Directors, authorized a program to repurchase up to $2.4 billion of our common stock. We completed repurchases under the May 2018 program in April 2020. In November 2020, our Board of Directors authorized a program to repurchase up to $2.6 billion of our common stock. This stock repurchase program expires on November 4, 2022. Under this program, we may purchase stock in the open market or through privately negotiated transactions in accordance with applicable securities laws, including pursuant to pre-arranged stock trading plans. The timing and actual amount of the stock repurchases will depend on several factors including price, capital availability, regulatory requirements, alternative investment opportunities and other market conditions. We are not obligated to repurchase a specific number of shares under this program and it may be modified, suspended or discontinued at any time. We are actively repurchasing shares under this program. The following table summarizes total shares repurchased during fiscal years 2022, 2021, and 2020: May 2018 Program November 2020 Program Total (In millions) Shares Amount Shares Amount Shares Amount Fiscal Year 2020 12.3 $ 1,207 — $ — 12.3 $ 1,207 Fiscal Year 2021 0.7 $ 78 4.9 $ 651 5.6 $ 729 Fiscal Year 2022 — $ — 9.5 $ 1,300 9.5 $ 1,300 |
Interest And Other Income (Expe
Interest And Other Income (Expense), Net | 12 Months Ended |
Mar. 31, 2022 | |
Interest and Other Income [Abstract] | |
Interest And Other Income (Expense), Net | (16) INTEREST AND OTHER INCOME (EXPENSE), NET Interest and other income (expense), net, for the fiscal years ended March 31, 2022, 2021 and 2020 consisted of (in millions): Year Ended March 31, 2022 2021 2020 Interest expense (58) (45) (44) Interest income 4 24 100 Net gain (loss) on foreign currency transactions (22) 9 11 Net gain (loss) on foreign currency forward contracts 21 (19) (4) Other income (expense), net 7 2 — Interest and other income (expense), net $ (48) $ (29) $ 63 |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Mar. 31, 2022 | |
Earnings Per Share Reconciliation [Abstract] | |
Earnings Per Share | (17) EARNINGS PER SHARE The following table summarizes the computations of basic earnings per share (“Basic EPS”) and diluted earnings per share (“Diluted EPS”). Basic EPS is computed as net income divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock-based compensation plans including stock options, restricted stock, restricted stock units, and ESPP purchase rights using the treasury stock method. Year Ended March 31, (In millions, except per share amounts) 2022 2021 2020 Net income $ 789 $ 837 $ 3,039 Shares used to compute earnings per share: Weighted-average common stock outstanding — basic 284 289 293 Dilutive potential common shares related to stock award plans and from assumed exercise of stock options 2 3 2 Weighted-average common stock outstanding — diluted 286 292 295 Earnings per share: Basic $ 2.78 $ 2.90 $ 10.37 Diluted $ 2.76 $ 2.87 $ 10.30 Certain restricted stock units, market-based restricted stock units and performance-based restricted stock units were excluded from the treasury stock method computation of diluted shares as their inclusion would have had an antidilutive effect. For the fiscal year ended March 31, 2022, one million such shares were excluded, and for the fiscal years ended March 31, 2021 and 2020, two million such shares were excluded. |
Segment Information
Segment Information | 12 Months Ended |
Mar. 31, 2022 | |
Segment Reporting [Abstract] | |
Segment Information | (18) SEGMENT AND REVENUE INFORMATION Our reporting segment is based upon: our internal organizational structure; the manner in which our operations are managed; the criteria used by our Chief Executive Officer, our Chief Operating Decision Maker (“CODM”), to evaluate segment performance; the availability of separate financial information; and overall materiality considerations. Our CODM currently reviews total company operating results to assess overall performance and allocate resources. As of March 31, 2022, we have only one reportable segment, which represents our only operating segment. Information about our total net revenue by timing of recognition for the fiscal years ended March 31, 2022, 2021 and 2020 is presented below (in millions): Year Ended March 31, 2022 2021 2020 Net revenue by timing of recognition Revenue recognized at a point in time $ 2,326 $ 2,006 $ 2,043 Revenue recognized over time 4,665 3,623 3,494 Net revenue $ 6,991 $ 5,629 $ 5,537 Generally, performance obligations that are recognized upfront upon transfer of control are classified as revenue recognized at a point in time, while performance obligations that are recognized over either the estimated offering period, contractual term or subscription period as the services are provided are classified as revenue recognized over time. Revenue recognized at a point in time includes revenue allocated to the software license performance obligation. This also includes revenue from the licensing of software to third-parties. Revenue recognized over time includes service revenue allocated to the future update rights and the online hosting performance obligations. This also includes service revenue allocated to the future update rights from the licensing of software to third-parties, online-only software services such as our Ultimate Team game mode, and subscription services. Information about our total net revenue by composition for the fiscal years ended March 31, 2022, 2021 and 2020 is presented below (in millions): Year Ended March 31, 2022 2021 2020 Net revenue by composition Full game downloads $ 1,282 $ 918 $ 811 Packaged goods 711 695 1,076 Full game 1,993 1,613 1,887 Live services and other 4,998 4,016 3,650 Net revenue $ 6,991 $ 5,629 $ 5,537 Full game net revenue includes full game downloads and packaged goods. Full game downloads includes revenue from digital sales of full games on console, PC, and mobile phones and tablets. Packaged goods includes revenue from software that is sold physically. This includes (1) net revenue from game software sold physically through traditional channels such as brick and mortar retailers, and (2) software licensing revenue from third parties (for example, makers of console platforms, personal computers or computer accessories) who include certain of our full games for sale with their products (for example, Original Equipment Manufacturer (“OEM”) bundles). Live services and other net revenue includes revenue from sales of extra content for console, PC and mobile games, licensing revenue, subscriptions, advertising, and non-software licensing. Information about our total net revenue by platform for the fiscal years ended March 31, 2022, 2021 and 2020 is presented below (in millions): Year Ended March 31, 2022 2021 2020 Platform net revenue Console $ 4,400 $ 3,716 $ 3,774 PC and other 1,532 1,195 1,036 Mobile 1,059 718 727 Net revenue $ 6,991 $ 5,629 $ 5,537 Information about our operations in North America and internationally for the fiscal years ended March 31, 2022, 2021 and 2020 is presented below (in millions): Year Ended March 31, 2022 2021 2020 Net revenue from unaffiliated customers North America $ 3,039 $ 2,474 $ 2,270 International 3,952 3,155 3,267 Net revenue $ 6,991 $ 5,629 $ 5,537 As of March 31, 2022 2021 Long-lived assets North America $ 446 $ 397 International 104 94 Total $ 550 $ 491 We attribute net revenue from external customers to individual countries based on the location of the legal entity that sells the products and/or services. Note that revenue attributed to the legal entity that makes the sale is often not the country where the consumer resides. For example, revenue generated by our Swiss legal entity includes digital revenue from consumers who reside outside of Switzerland, including consumers who reside outside of Europe. Revenue generated by our Swiss legal entity during fiscal years 2022, 2021, and 2020 represents $3,423 million, $2,731 million and $2,586 million or 49 percent, 49 percent and 47 percent of our total net revenue, respectively. Revenue generated in the United States represents over 99 percent of our total North America net revenue. There were no other countries with net revenue greater than 10 percent. In fiscal year 2022, our direct sales to Sony and Microsoft represented approximately 33 percent and 16 percent of total net revenue, respectively. In fiscal year 2021, our direct sales to Sony and Microsoft represented approximately 36 percent and 18 percent of total net revenue, respectively. In fiscal year 2020, our direct sales to Sony and Microsoft represented approximately 32 percent and 17 percent of total net revenue, respectively. |
(Policy)
(Policy) | 12 Months Ended |
Mar. 31, 2022 | |
Description Of Business And Basis of Presentation [Abstract] | |
Consolidation | Consolidation The accompanying Consolidated Financial Statements include the accounts of Electronic Arts Inc. and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. |
Fiscal Year | Fiscal Year Our fiscal year is reported on a 52- or 53-week period that ends on the Saturday nearest March 31. Our results of operations for the fiscal year ended March 31, 2022 contained 52 weeks and ended on April 2, 2022. Our results of operations for the fiscal years ended March 31, 2021 and 2020 contained 53 and 52 weeks and ended on April 3, 2021 and March 28, 2020, respectively. For simplicity of disclosure, all fiscal periods are referred to as ending on a calendar month end. |
Use Of Estimates | Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires us to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and the accompanying notes. Such estimates include offering periods for deferred net revenue, sales returns and allowances, provisions for doubtful accounts, accrued liabilities, relative stand-alone selling price for identified performance obligations in our revenue transactions, losses on royalty commitments, estimates regarding the recoverability of prepaid royalties, inventories, long-lived assets, discount rates used in the measurement and recognition of lease liabilities, assets acquired and liabilities assumed in business combinations, certain estimates related to the measurement and recognition of costs resulting from our stock-based payment awards, unrecognized tax benefits, deferred income tax assets and associated valuation allowances, as well as estimates used in our goodwill, intangibles and short-term investment impairment tests. These estimates require us to make judgments, involve analysis of historical and future trends, can require extended periods of time to resolve, and are subject to change from period to period. In all cases, actual results could differ materially from our estimates. |
Recently Adopted Accounting Standards | Recently Adopted Accounting Standards In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740). The amendments in this update simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. We adopted ASU 2019-12 in the first quarter of fiscal year 2022. The amendments did not have a material impact on our Consolidated Financial Statements upon adoption. The amendments clarified and amended existing guidance with respect to transactions in which a taxpayer realizes a step-up in tax basis of goodwill. As we integrate acquired intellectual property into our global operating structure, we may realize a tax basis step-up in goodwill. In such situations, we are required to assess whether the integration relates to the acquisition or is a separate transaction. When the integration is a separate transaction, we may be required to recognize deferred tax assets to the extent the stepped-up tax basis exceeds the associated U.S. GAAP basis. This assessment requires judgment around key indicators such as whether the tax basis step-up was contemplated as part of the original acquisition to which the intellectual property relates, whether the integration results in cash taxes, and whether the integration is achieved through a simple tax election. See Note 11 — Income Taxes for a discussion of the prospective application of this standard to our intra-entity transfers of recently acquired intellectual property during the fiscal year ended March 31, 2022. |
Other Recently Issued Accounting Standards | Other Recently Issued Accounting Standards In October 2021, the FASB issued ASU 2021-08, Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (Topic 805). The amendments in this update require that an acquirer recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. This update is effective for us beginning in the first quarter of fiscal year 2024. Early adoption is permitted. We are currently evaluating the timing of adoption and impact of this new standard on our Consolidated Financial Statements and related disclosures. In November 2021, the FASB issued ASU 2021-10, Disclosures by Business Entities about Government Assistance (Topic 832). The amendments in this update establish Topic 832 and require additional disclosures regarding government grants and money contributions when entities accounted for transactions with a government by analogizing to a grant or contribution accounting model. This update is effective for us beginning in the first fiscal quarter of fiscal year 2023. Early adoption is permitted. We plan to adopt this provision in the first fiscal quarter of fiscal year 2023. This update is not expected to have a material impact on our Consolidated Financial Statements or related disclosures. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Mar. 31, 2022 | |
Accounting Policies [Abstract] | |
Cash, Cash Equivalents, Short-Term Investments And Marketable Equity Securities | Cash, Cash Equivalents, and Short-Term Investments Cash equivalents consist of highly liquid investments with insignificant interest rate risk and original or remaining maturities of three months or less at the time of purchase. Short-term investments consist of debt securities with original or remaining maturities of greater than three months at the time of purchase and less than a year, and are accounted for as available-for-sale securities and are recorded at fair value. Cash, cash equivalents and short-term investments are available for use in current operations or other activities such as capital expenditures, business combinations and share repurchases. Unrealized gains and losses on our short-term investments are recorded as a component of accumulated other comprehensive income (loss) in stockholders’ equity, net of tax, until either (1) the security is sold, (2) the security has matured, (3) we determine that the fair value of the security has declined below its adjusted cost basis and the decline is due to an expected credit loss, or (4) we intend to, or more likely than not would be required to, sell a security in an unrealized loss position before the recovery of its amortized cost basis. Realized gains and losses on our short-term investments are calculated based on the specific identification method and are reclassified from accumulated other comprehensive income (loss) to interest and other income (expense), net. Determining whether a decline in fair value is due to an expected credit loss requires management judgment based on the specific facts and circumstances of each security. The ultimate value realized on these securities is subject to market price volatility until they are sold. Our short-term investments are evaluated for allowances and impairment quarterly. For investments in an unrealized loss position, we consider various factors in determining whether we should recognize an allowance for expected credit losses or an impairment charge, including the credit quality of the issuer, changes to the rating of the security by rating agencies, the extent to which fair value is less than amortized cost, reason for the decline in value and potential recovery period, the financial condition and near-term prospects of the investees, our intent to sell and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in market value, and any contractual terms impacting the prepayment or settlement process, among other factors. We recognize an allowance for credit losses, up to the amount of unrealized loss when appropriate, and write down the amortized cost basis of the investment if we intend to, or it is more likely than not we will be required to, sell the investment before the recovery of its amortized cost basis. Allowances for credit losses and write-downs are recognized in our Consolidated Statements of Operations, and unrealized losses not related to credit losses are recognized in other comprehensive income (loss). Based on our evaluation, we did not recognize an allowance for credit losses, nor did we recognize any impairments, as of March 31, 2022 and 2021. |
Property And Equipment, Net | Property and Equipment, Net Property and equipment, net, are stated at cost. Depreciation is calculated using the straight-line method over the following useful lives: Buildings 20 to 25 years Computer equipment and software 2 to 6 years Equipment, furniture and fixtures, and other 3 to 5 years Leasehold improvements Lesser of the lease term or the estimated useful lives of the improvements, generally 1 to 15 years We capitalize costs associated with internal-use software development once a project has reached the application development stage. Such capitalized costs include external direct costs utilized in developing or obtaining the software, and payroll and payroll-related expenses for employees who are directly associated with the development of the software. Capitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose. We also capitalize costs associated with the purchase of software licenses. Once the internal-use software is ready for its intended use, the assets are depreciated on a straight-line basis over each asset’s estimated useful life, which is generally three years. The net book value of capitalized costs associated with internal-use software was $86 million and $72 million as of March 31, 2022 and 2021, respectively. |
Business Combinations | Business Combinations We must estimate the fair value of assets acquired, liabilities assumed, and acquired in-process technology in a business combination at the acquisition date. During the measurement period, which may be up to one year from the acquisition date, we may record adjustments to the fair values of the tangible and intangible assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the fair value of the assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recognized in the Consolidated Statement of Operations. |
Acquisition-Related Intangibles and Other Long-Lived Assets | Acquisition-Related Intangibles and Other Long-Lived Assets We recognize acquisition-related intangible assets, such as acquired developed and core technology, in connection with business combinations. We amortize the cost of acquisition-related intangible assets that have finite useful lives generally on a straight-line basis over the lesser of their estimated useful lives or the agreement terms, currently from one seven |
Revenue Recognition | Revenue Recognition We derive revenue principally from sales of our games, and related extra content and services that can be experienced on game consoles, PCs, mobile phones and tablets. Our product and service offerings include, but are not limited to, the following: • full games with both online and offline functionality (“Games with Services”), which generally includes (1) the initial game delivered digitally or via physical disc at the time of sale and typically provide access to offline core game content (“software license”); (2) updates on a when-and-if-available basis, such as software patches or updates, and/or additional free content to be delivered in the future (“future update rights”); and (3) a hosted connection for online playability (“online hosting”); • full games with online-only functionality which require an Internet connection to access all gameplay and functionality (“Online-Hosted Service Games”); • extra content related to Games with Services and Online-Hosted Service Games which provides access to additional in-game content; • subscriptions, such as EA Play and EA Play Pro, that generally offer access to a selection of full games, in-game content, online services and other benefits typically for a recurring monthly or annual fee; and • licensing to third parties to distribute and host our games and content. We evaluate and recognize revenue by: • identifying the contract(s) with the customer; • identifying the performance obligations in the contract; • determining the transaction price; • allocating the transaction price to performance obligations in the contract; and • recognizing revenue as each performance obligation is satisfied through the transfer of a promised good or service to a customer (i.e., “transfer of control”). Certain of our full game and/or extra content are sold to resellers with a contingency that the full game and/or extra content cannot be resold prior to a specific date (“Street Date Contingency”). We recognize revenue for transactions that have a Street Date Contingency when the Street Date Contingency is removed and the full game and/or extra content can be resold by the reseller. For digital full game and/or extra content downloads sold to customers, we recognize revenue when the full game and/or extra content is made available for download to the customer. Online-Enabled Games Games with Services. Our sales of Games with Services are evaluated to determine whether the software license, future update rights and the online hosting are distinct and separable. Sales of Games with Services are generally determined to have three distinct performance obligations: software license, future update rights, and the online hosting. Since we do not sell the performance obligations on a stand-alone basis, we consider market conditions and other observable inputs to estimate the stand-alone selling price for each performance obligation. For Games with Services, generally 75 percent of the sales price is allocated to the software license performance obligation and recognized at a point in time when control of the license has been transferred to the customer. The remaining 25 percent is allocated to the future update rights and the online hosting performance obligations and recognized ratably as the service is provided (over the Estimated Offering Period). Online-Hosted Service Games. Sales of our Online-Hosted Service Games are determined to have one distinct performance obligation: the online hosting. We recognize revenue from these arrangements as the service is provided. Extra Content. Revenue received from sales of downloadable content are derived primarily from the sale of virtual currencies and digital in-game content that are designed to extend and enhance players’ game experience. Sales of extra content are accounted for in a manner consistent with the treatment for our Games with Services and Online-Hosted Service Games as discussed above, depending upon whether or not the extra content has offline functionality. That is, if the extra content has offline functionality, then the extra content is accounted for similarly to Games with Services (generally determined to have three distinct performance obligations: software license, future update rights, and the online hosting). If the extra content does not have offline functionality, then the extra content is determined to have one distinct performance obligation: the online-hosted service offering. Subscriptions Sales of our subscriptions are deemed to be one performance obligation and we recognize revenue from these arrangements ratably over the subscription term as the performance obligation is satisfied. Licensing Revenue We utilize third-party licensees to distribute and host our games and content in accordance with license agreements, for which the licensees typically pay us a fixed minimum guarantee and/or sales-based royalties. These arrangements typically include multiple performance obligations, such as a time-based license of software and future update rights. We recognize as revenue a portion of the minimum guarantee when we transfer control of the license of software (generally upon commercial launch) and the remaining portion ratably over the contractual term in which we provide the licensee with future update rights. Any sales-based royalties are generally recognized as the related sales occur by the licensee. Significant Judgments around Revenue Arrangements Identifying performance obligations. Performance obligations promised in a contract are identified based on the goods and services that will be transferred to the customer that are both capable of being distinct, (i.e., the customer can benefit from the goods or services either on its own or together with other resources that are readily available), and are distinct in the context of the contract (i.e., it is separately identifiable from other goods or services in the contract). To the extent a contract includes multiple promises, we must apply judgment to determine whether those promises are separate and distinct performance obligations. If these criteria are not met, the promises are accounted for as a combined performance obligation. Determining the transaction price. The transaction price is determined based on the consideration that we will be entitled to receive in exchange for transferring our goods and services to the customer. Determining the transaction price often requires judgment, based on an assessment of contractual terms and business practices. It further includes review of variable consideration such as discounts, sales returns, price protection, and rebates, which is estimated at the time of the transaction. In addition, the transaction price does not include an estimate of the variable consideration related to sales-based royalties. Sales-based royalties are recognized as the sales occur. Allocating the transaction price. Allocating the transaction price requires that we determine an estimate of the relative stand-alone selling price for each distinct performance obligation. Determining the relative stand-alone selling price is inherently subjective, especially in situations where we do not sell the performance obligation on a stand-alone basis (which occurs in the majority of our transactions). In those situations, we determine the relative stand-alone selling price based on various observable inputs using all information that is reasonably available. Examples of observable inputs and information include: historical internal pricing data, cost plus margin analysis, pre-release versus post-release costs, and pricing data from competitors to the extent the data is available. The results of our analysis resulted in a specific percentage of the transaction price being allocated to each performance obligation. Determining the Estimated Offering Period. The offering period is the period in which we offer to provide the future update rights and/or online hosting for the game and related extra content sold. Because the offering period is not an explicitly defined period, we must make an estimate of the offering period for the service-related performance obligations (i.e., future update rights and online hosting). Determining the Estimated Offering Period is inherently subjective and is subject to regular revision. Generally, we consider the average period of time customers are online when estimating the offering period. We also consider the estimated period of time between the date a game unit is sold to a reseller and the date the reseller sells the game unit to the customer (i.e., time in channel). Based on these two factors, we then consider the method of distribution. For example, games and extra content sold at retail would have a composite offering period equal to the online gameplay period plus time in channel as opposed to digitally-distributed games and extra content which are delivered immediately via digital download and therefore, the offering period is estimated to be only the online gameplay period. Additionally, we consider results from prior analyses, known and expected online gameplay trends, as well as disclosed service periods for competitors’ games in determining the Estimated Offering Period for future sales. We believe this provides a reasonable depiction of the transfer of future update rights and online hosting to our customers, as it is the best representation of the time period during which our games and extra content are experienced. We recognize revenue for future update rights and online hosting performance obligations ratably on a straight-line basis over this period as there is a consistent pattern of delivery for these performance obligations. Prior to July 1, 2020, these performance obligations were generally recognized over an estimated nine-month period beginning in the month after shipment for games and extra content sold through retail and an estimated six-month period for digitally-distributed games and extra content beginning in the month of sale. During the three months ended September 30, 2020, we completed our annual evaluation of the Estimated Offering Period and as a result, for sales after July 1, 2020, revenue for service-related performance obligations for games and extra content sold through retail is recognized over an estimated ten-month period beginning in the month of sale, and revenue for service-related performance obligations for digitally-distributed games and extra content is recognized over an estimated eight-month period beginning in the month of sale. During the fiscal year ended March 31, 2022, this change to our Estimated Offering Period resulted in an increase in net revenue of $331 million and net income of $252 million, and an increase of $0.88 diluted earnings per share. During the fiscal year ended March 31, 2021, this change to our Estimated Offering Period resulted in a decrease in net revenue of $333 million and net income of $280 million, and a decrease of $0.96 diluted earnings per share. During the three months ended September 30, 2021, we completed our annual evaluation of the Estimated Offering Period. We have noted consumers are playing certain of our Online Hosted Service Games, such as PC and console free-to-play games, for longer periods of time than in prior years as players engage with services we provide that are designed to enhance and extend gameplay, and as such, have concluded that the Estimated Offering Period for such games should be lengthened. As a result, for all new sales after July 1, 2021, the revenue that we recognize for service-related performance obligations related to our PC and console free-to-play games is recognized generally over a twelve-month period. During the fiscal year ended March 31, 2022, this change to our Estimated Offering Period resulted in a decrease in net revenue of $131 million and net income of $100 million, and a decrease of $0.35 diluted earnings per share. Deferred Net Revenue Because the majority of our sales transactions include future update rights and online hosting performance obligations, which are subject to a recognition period, our deferred net revenue balance is material. This balance increases from period to period by the revenue being deferred for current sales with these service obligations and is reduced by the recognition of revenue from prior sales that were deferred. Generally, revenue is recognized as the services are provided. Principal Agent Considerations We evaluate sales to end customers of our full games and related content via third-party storefronts, including digital storefronts such as Microsoft’s Xbox Store, Sony’s PlayStation Store, Apple App Store, and Google Play Store, in order to determine whether or not we are acting as the principal in the sale to the end customer, which we consider in determining if revenue should be reported gross or net of fees retained by the third-party storefront. An entity is the principal if it controls a good or service before it is transferred to the end customer. Key indicators that we evaluate in determining gross versus net treatment include but are not limited to the following: • the underlying contract terms and conditions between the various parties to the transaction; • which party is primarily responsible for fulfilling the promise to provide the specified good or service to the end customer; • which party has inventory risk before the specified good or service has been transferred to the end customer; and • which party has discretion in establishing the price for the specified good or service. Based on an evaluation of the above indicators, except as discussed below, we have determined that generally the third party is considered the principal to end customers for the sale of our full games and related content. We therefore report revenue related to these arrangements net of the fees retained by the storefront. However, for sales arrangements via Apple App Store and Google Play Store, EA is considered the principal to the end customer and thus, we report revenue on a gross basis and mobile platform fees are reported within cost of revenue. Payment Terms Substantially all of our transactions have payment terms, whether customary or on an extended basis, of less than one year; therefore, we generally do not adjust the transaction price for the effects of any potential financing components that may exist. Sales and Value-Added Taxes Revenue is recorded net of taxes assessed by governmental authorities that are imposed at the time of the specific revenue-producing transaction between us and our customer, such as sales and value-added taxes. Sales Returns and Price Protection Reserves Sales returns and price protection are considered variable consideration under ASC 606. We reduce revenue for estimated future returns and price protection which may occur with our distributors and retailers (“channel partners”). Price protection represents our practice to provide our channel partners with a credit allowance to lower their wholesale price on a particular game unit that they have not resold to customers. The amount of the price protection for permanent markdowns is the difference between the old wholesale price and the new reduced wholesale price. Credits are also given for short-term promotions that temporarily reduce the wholesale price. In certain countries we also have a practice for allowing channel partners to return older products in the channel in exchange for a credit allowance. |
Taxes Collected From Customers And Remitted To Governmental Authorities | Taxes Collected from Customers and Remitted to Governmental Authorities Taxes assessed by a government authority that are both imposed on and concurrent with specific revenue transactions between us and our customers are presented on a net basis in our Consolidated Statements of Operations. |
Concentration Of Credit Risk | Concentration of Credit Risk and Significant Customers We extend credit to various customers. Collection of trade receivables may be affected by changes in economic or other industry conditions and may, accordingly, impact our overall credit risk. Although we generally do not require collateral, we perform ongoing credit evaluations of our customers and maintain reserves for potential credit losses. Invoices are aged based on contractual terms with our customers. The provision for doubtful accounts is recorded as a charge to general and administrative expense when a potential loss is identified. Losses are written off against the allowance when the receivable is determined to be uncollectible. At March 31, 2022, we had two customers who accounted for approximately 32 percent and 29 percent of our consolidated gross receivables, respectively. At March 31, 2021, we had two customers who accounted for approximately 35 percent and 34 percent of our consolidated gross receivables, respectively. A majority of our sales are made via digital resellers, channel and platform partners. During the fiscal years 2022, 2021, and 2020, approximately 77 percent, 78 percent, and 68 percent, respectively, of our net revenue was derived from our top ten customers and/or platform partners. Currently, a majority of our revenue is derived through sales of products and services playable on hardware consoles from Sony and Microsoft. For the fiscal years ended March 31, 2022, 2021, and 2020, our net revenue for products and services on Sony’s PlayStation 3, 4 and 5, and Microsoft’s Xbox 360, One and Series X consoles (combined across all six platforms) was approximately 60 percent, 64 percent, and 67 percent, respectively. These platform partners have significant influence over the products and services that we offer on their platforms. Short-term investments are placed with high quality financial institutions or in short-duration, investment-grade securities. We limit the amount of credit exposure in any one financial institution or type of investment instrument. |
Royalties And Licenses | Royalties and Licenses Royalty-based obligations with content licensors and distribution affiliates are either paid in advance and capitalized as prepaid royalties or are accrued as incurred and subsequently paid. These royalty-based obligations are generally expensed to cost of revenue generally at the greater of the contractual rate or an effective royalty rate based on the total projected net revenue for contracts with guaranteed minimums. Prepayments made to thinly capitalized independent software developers and co-publishing affiliates are generally made in connection with the development of a particular product, and therefore, we are generally subject to development risk prior to the release of the product. Accordingly, payments that are due prior to completion of a product are generally expensed to research and development over the development period as the services are incurred. Payments due after completion of the product (primarily royalty-based in nature) are generally expensed as cost of revenue. Our contracts with some licensors include minimum guaranteed royalty payments, which are initially recorded as an asset and as a liability at the contractual amount when no performance remains with the licensor. When performance remains with the licensor, we record guarantee payments as an asset when actually paid and as a liability when incurred, rather than recording the asset and liability upon execution of the contract. Each quarter, we also evaluate the expected future realization of our royalty-based assets, as well as any unrecognized minimum commitments not yet paid to determine amounts we deem unlikely to be realized through future revenue. Any impairments or losses determined before the launch of a product are generally charged to research and development expense. Impairments or losses determined post-launch are charged to cost of revenue. We evaluate long-lived royalty-based assets for impairment using undiscounted cash flows when impairment indicators exist. If an impairment exists, then the related assets are written down to fair value. Unrecognized minimum royalty-based commitments are accounted for as executory contracts, and therefore, any losses on these commitments are recognized when the underlying intellectual property is abandoned (i.e., cease use) or the contractual rights to use the intellectual property are terminated. |
Advertising Costs | Advertising Costs We generally expense advertising costs as incurred, except for production costs associated with media campaigns, which are recognized as prepaid assets (to the extent paid in advance) and expensed at the first run of the advertisement. Cooperative advertising costs are recognized when incurred and are classified as marketing and sales expense if there is a separate identifiable benefit for which we can reasonably estimate the fair value of the benefit identified. Otherwise, they are classified as a reduction of revenue and are generally accrued when revenue is recognized. We then reimburse the channel partner when qualifying claims are submitted. We are also reimbursed by our vendors for certain advertising costs incurred by us that benefit our vendors. Such amounts are recognized as a reduction of marketing and sales expense if the advertising (1) is specific to the vendor, (2) represents an identifiable benefit to us, and (3) represents an incremental cost to us. Otherwise, vendor reimbursements are recognized as a reduction of the cost incurred with the same vendor. Vendor reimbursements of advertising costs of $37 million, $22 million, and $38 million reduced marketing and sales expense for the fiscal years ended March 31, 2022, 2021, and 2020, respectively. For the fiscal years ended March 31, 2022, 2021, and 2020, advertising expense, net of vendor reimbursements, totaled approximately $396 million, $222 million, and $195 million, respectively. |
Software Development Costs | Software Development Costs Research and development costs, which consist primarily of software development costs, are expensed as incurred. We are required to capitalize software development costs incurred for computer software to be sold, leased or otherwise marketed after technological feasibility of the software is established or for development costs that have alternative future uses. Under our current practice of developing new games, the technological feasibility of the underlying software is not established until substantially all product development and testing is complete, which generally includes the development of a working model. Software development costs that have been capitalized to date have been insignificant. |
Foreign Currency Translation | Foreign Currency Translation Generally, the functional currency for our foreign operating subsidiaries is its local currency. Assets and liabilities of foreign operations are translated into U.S. dollars using month-end exchange rates, and revenue and expenses are translated into U.S. dollars using average exchange rates. The effects of foreign currency translation adjustments are included as a component of accumulated other comprehensive income (loss) in stockholders’ equity. Foreign currency transaction gains and losses are a result of the effect of exchange rate changes on transactions denominated in currencies other than the functional currency. Net gains (losses) on foreign currency transactions of $(22) million, $9 million, and $11 million for the fiscal years ended March 31, 2022, 2021, and 2020, respectively, are included in interest and other income (expense), net, in our Consolidated Statements of Operations. These net gains (losses) on foreign currency transactions are partially offset by net gains (losses) on our foreign currency forward contracts of $21 million, $(19) million, and $(4) million for the fiscal years ended March 31, 2022, 2021, and 2020, respectively. See Note 5 for additional information on our foreign currency forward contracts. |
Income Taxes | Income Taxes We recognize deferred tax assets and liabilities for both the expected impact of differences between the financial statement amount and the tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax losses and tax credit carryforwards. We do not recognize any deferred taxes related to the U.S. taxes on foreign earnings as we recognize these taxes as a period cost. Every quarter, we perform a realizability analysis to evaluate whether it is more likely than not that all or a portion of our deferred tax assets will not be realized. Our Swiss deferred tax asset realizability analysis relies upon future Swiss taxable income as the primary source of taxable income but considers all available sources of Swiss income based on the positive and negative evidence. We give more weight to evidence that can be objectively verified. However, there is judgment involved in estimating future Swiss taxable income, specifically related to assumptions about expected growth rates of future Swiss taxable income, which are based primarily on third party market and industry growth data. Actual results that differ materially from those estimates could have a material impact on our valuation allowance assessment. Although objectively verifiable, Swiss interest rates have an impact on the valuation allowance and are based on published Swiss guidance. Any significant changes to such interest rates could result in a material impact to the valuation allowance. Switzerland has a seven-year carryforward period and does not permit the carry back of losses. Changes in Estimated Offering Period and actions we take in connection with acquisitions could also impact the utilization of our Swiss deferred tax asset. |
Share Repurchases | Share Repurchases Shares of our common stock repurchased pursuant to our repurchase program, if any, are retired. The purchase price of such repurchased shares of common stock is recorded as a reduction to additional paid-in capital. If the balance in additional paid-in capital is exhausted, the excess is recorded as a reduction to retained earnings. |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy | Goodwill Impairment In assessing impairment on our goodwill, we first analyze qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform a goodwill impairment test. The qualitative factors we assess include long-term prospects of our performance, share price trends and market capitalization, and Company specific events. If we conclude it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, we do not need to perform an impairment test. If based on that assessment, we believe it is more likely than not that the fair value of the reporting unit is less than its carrying value we will measure goodwill for impairment by applying fair value-based tests at the reporting unit level. Reporting units are determined by the components of operating segments that constitute a business for which (1) discrete financial information is available, (2) segment management regularly reviews the operating results of that component, and (3) whether the component has dissimilar economic characteristics to other components. As of March 31, 2022, we have only one reportable segment, which represents our only operating segment. |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Fair Value Disclosures [Abstract] | ||
Fair Value Assets And Liabilities Measured On Recurring Basis | Fair Value Measurements at Reporting Date Using As of March 31, 2022 Quoted Prices in Significant Significant (Level 1) (Level 2) (Level 3) Balance Sheet Classification Assets Bank and time deposits $ 55 $ 55 $ — $ — Cash equivalents Money market funds 257 257 — — Cash equivalents Available-for-sale securities: Corporate bonds 116 — 116 — Short-term investments U.S. Treasury securities 104 104 — — Short-term investments and cash equivalents Commercial paper 51 — 51 — Short-term investments and cash equivalents Foreign government securities 17 — 17 — Short-term investments Asset-backed securities 38 — 38 — Short-term investments Certificates of deposit 18 — 18 — Short-term investments Foreign currency derivatives 63 — 63 — Other current assets and other assets Deferred compensation plan assets (a) 21 21 — — Other assets Total assets at fair value $ 740 $ 437 $ 303 $ — Liabilities Foreign currency derivatives $ 14 $ — $ 14 $ — Accrued and other current liabilities and other liabilities Deferred compensation plan liabilities (a) 22 22 — — Other liabilities Total liabilities at fair value $ 36 $ 22 $ 14 $ — | Fair Value Measurements at Reporting Date Using As of Quoted Prices in Significant Significant (Level 1) (Level 2) (Level 3) Balance Sheet Classification Assets Bank and time deposits $ 157 $ 157 $ — $ — Cash equivalents Money market funds 2,100 2,100 — — Cash equivalents Available-for-sale securities: Corporate bonds 380 — 380 — Short-term investments and cash equivalents U.S. Treasury securities 437 437 — — Short-term investments and cash equivalents U.S. agency securities 3 — 3 — Short-term investments Commercial paper 142 — 142 — Short-term investments and cash equivalents Foreign government securities 67 — 67 — Short-term investments Asset-backed securities 112 — 112 — Short-term investments Certificates of deposit 41 — 41 — Short-term investments Foreign currency derivatives 33 — 33 — Other current assets and other assets Deferred compensation plan assets (a) 18 18 — — Other assets Total assets at fair value $ 3,490 $ 2,712 $ 778 $ — Liabilities Foreign currency derivatives $ 40 $ — $ 40 $ — Accrued and other current liabilities and other liabilities Deferred compensation plan liabilities (a) 19 19 — — Other liabilities Total liabilities at fair value $ 59 $ 19 $ 40 $ — (a) The Deferred Compensation Plan assets consist of various mutual funds. See Note 15 for additional information regarding our Deferred Compensation Plan. |
Financial Instruments (Tables)
Financial Instruments (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Financial Instruments [Abstract] | |
Fair Value Of Short-Term Investments | Short-term investments consisted of the following as of March 31, 2022 and 2021 (in millions): As of March 31, 2022 As of March 31, 2021 Cost or Gross Unrealized Fair Cost or Gross Unrealized Fair Gains Losses Gains Losses Corporate bonds $ 117 $ — $ (1) $ 116 $ 372 $ — $ — $ 372 U.S. Treasury securities 103 — (1) 102 374 1 — 375 U.S. agency securities — — — — 3 — — 3 Commercial paper 39 — — 39 136 — — 136 Foreign government securities 17 — — 17 67 — — 67 Asset-backed securities 38 — — 38 112 — — 112 Certificates of deposit 18 — — 18 41 — — 41 Short-term investments $ 332 $ — $ (2) $ 330 $ 1,105 $ 1 $ — $ 1,106 |
Fair Value Of Short-Term Investments By Stated Maturity Date Schedule | The following table summarizes the amortized cost and fair value of our short-term investments, classified by stated maturity as of March 31, 2022 and 2021 (in millions): As of March 31, 2022 As of March 31, 2021 Amortized Fair Amortized Fair Short-term investments Due within 1 year $ 250 $ 249 $ 895 $ 896 Due 1 year through 5 years 77 76 203 203 Due after 5 years 5 5 7 7 Short-term investments $ 332 $ 330 $ 1,105 $ 1,106 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Notional Amounts of Outstanding Derivative Positions | Total gross notional amounts and fair values for currency derivatives with cash flow hedge accounting designation are as follows (in millions): As of March 31, 2022 As of March 31, 2021 Notional Amount Fair Value Notional Amount Fair Value Asset Liability Asset Liability Forward contracts to purchase $ 375 $ 4 $ 3 $ 370 $ 14 $ 1 Forward contracts to sell $ 1,829 $ 52 $ 6 $ 1,840 $ 15 $ 35 Total gross notional amounts and fair values for currency derivatives that are not designated as hedging instruments are accounted for as follows (in millions): As of March 31, 2022 As of March 31, 2021 Notional Amount Fair Value Notional Amount Fair Value Asset Liability Asset Liability Forward contracts to purchase $ 496 $ 6 $ — $ 599 $ — $ 4 Forward contracts to sell $ 400 $ 1 $ 5 $ 450 $ 4 $ — |
Derivative Instruments, Gain (Loss) | The effects of cash flow hedge accounting in our Consolidated Statements of Operations for the fiscal years ended March 31, 2022, 2021 and 2020 are as follows (in millions): Year Ended March 31, 2022 2021 2020 Net revenue Research and development Net revenue Research and development Net revenue Research and development Total amounts presented in our Consolidated Statements of Operations in which the effects of cash flow hedges are recorded $ 6,991 $ 2,186 $ 5,629 $ 1,778 $ 5,537 $ 1,559 Gains (losses) on foreign currency forward contracts designated as cash flow hedges $ (14) $ 12 $ (30) $ 4 $ 71 $ (9) The effect of foreign currency forward contracts not designated as hedging instruments in our Consolidated Statements of Operations for the fiscal years ended March 31, 2022, 2021 and 2020, was as follows (in millions): Year Ended March 31, 2022 2021 2020 Interest and other income (expense), net Total amounts presented in our Consolidated Statements of Operations in which the effects of balance sheet hedges are recorded $ (48) $ (29) $ 63 Gain (losses) on foreign currency forward contracts not designated as hedging instruments $ 21 $ (19) $ (4) |
Accumulated other Comprehensi_2
Accumulated other Comprehensive Income (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Components of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The changes in accumulated other comprehensive income (loss) by component, net of tax, for the fiscal years ended March 31, 2022, 2021 and 2020 are as follows (in millions): Unrealized Net Gains (Losses) on Available-for-Sale Securities Unrealized Net Gains (Losses) on Derivative Instruments Foreign Currency Translation Adjustments Total Balances as of March 31, 2019 $ (1) $ 22 $ (51) $ (30) Other comprehensive income (loss) before reclassifications (1) 79 (34) 44 Amounts reclassified from accumulated other comprehensive income (loss) (2) (62) — (64) Total other comprehensive income (loss), net of tax (3) 17 (34) (20) Balances as of March 31, 2020 $ (4) $ 39 $ (85) $ (50) Other comprehensive income (loss) before reclassifications 5 (94) 64 (25) Amounts reclassified from accumulated other comprehensive income (loss) (1) 26 — 25 Total other comprehensive income (loss), net of tax 4 (68) 64 — Balances as of March 31, 2021 $ — $ (29) $ (21) $ (50) Other comprehensive income (loss) before reclassifications (3) 74 (8) 63 Amounts reclassified from accumulated other comprehensive income (loss) — 2 — 2 Total other comprehensive income (loss), net of tax (3) 76 (8) 65 Balances as of March 31, 2022 $ (3) $ 47 $ (29) $ 15 |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | The effects on net income of amounts reclassified from accumulated other comprehensive income (loss) for the fiscal years ended March 31, 2022, 2021 and 2020 were as follows (in millions): Statement of Operations Classification Amount Reclassified From Accumulated Other Comprehensive Income (Loss) Year Ended March 31, 2022 2021 2020 (Gains) losses on available-for-sale securities: Interest and other income (expense), net $ — $ (1) $ (2) Total, net of tax — (1) (2) (Gains) losses on foreign currency forward contracts designated as cash flow hedges Net revenue 14 30 (71) Research and development (12) (4) 9 Total, net of tax 2 26 (62) Total net (gain) loss reclassified, net of tax $ 2 $ 25 $ (64) |
Business Combinations (Tables)
Business Combinations (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Business Combination and Asset Acquisition [Abstract] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Glu) [Table Text Block] | The following table summarizes the final allocation of the purchase price to the fair value of the assets acquired and liabilities assumed: (In millions) Current assets $ 63 Property and equipment, net 14 Other assets 48 Intangible assets 526 Goodwill 1,506 Deferred tax liabilities (38) Current liabilities (78) Other liabilities (39) Purchase price, net of cash acquired $ 2,002 Intangibles assets by asset category (a) Developed and core technology $ 232 Trade names and trademarks 209 Registered user base and other intangibles 12 In-process research and development 73 Total $ 526 (a) In-process research and development assets are considered indefinite-lived until complete. Excluding the in-process research and development assets, the weighted-average useful life of the Glu’s acquired intangible assets is currently estimated to be approximately 5.5 years. |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Playdemic) [Table Text Block] | The following table summarizes the final allocation of the purchase price to the fair value of the assets acquired and liabilities assumed: (In millions) Current assets $ 17 Property and equipment, net 2 Other assets 3 Intangible assets 438 Goodwill 1,031 Deferred tax liabilities (84) Current liabilities (4) Other liabilities (2) Purchase price, net of cash acquired $ 1,401 Intangibles assets by asset category (b) Developed and core technology $ 177 Trade names and trademarks 223 Registered user base and other intangibles 38 Total $ 438 (b) We currently estimate the weighted-average useful life of Playdemic’s acquired intangible assets to be approximately 6.6 years . |
Goodwill (Tables)
Goodwill (Tables) | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Schedule Of Changes In The Carrying Amount Of Goodwill | The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2022 are as follows (in millions): As of March 31, 2021 Activity Effects of Foreign Currency Translation As of March 31, 2022 Goodwill $ 3,236 $ 2,519 $ — $ 5,755 Accumulated impairment (368) — — (368) Total $ 2,868 $ 2,519 $ — $ 5,387 | The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2021 are as follows (in millions): As of March 31, 2020 Activity Effects of Foreign Currency Translation As of March 31, 2021 Goodwill $ 2,253 $ 984 $ (1) $ 3,236 Accumulated impairment (368) — — (368) Total $ 1,885 $ 984 $ (1) $ 2,868 |
Schedule Of Acquisition-Related Intangibles | Acquisition-related intangibles consisted of the following (in millions): As of March 31, 2022 As of March 31, 2021 Gross Accumulated Acquisition- Gross Accumulated Acquisition- Finite-lived acquisition-related intangibles Developed and core technology $ 1,102 $ (643) $ 459 $ 691 $ (472) $ 219 Trade names and trademarks 609 (212) 397 188 (144) 44 Registered user base and other intangibles 56 (30) 26 5 (5) — Carrier contracts and related — — — 85 (85) — Total finite-lived acquisition-related intangibles $ 1,767 $ (885) $ 882 $ 969 $ (706) $ 263 Indefinite-lived acquisition-related intangibles In-process research and development $ 80 $ — $ 80 $ 46 $ — $ 46 Total acquisition-related intangibles, net $ 1,847 $ (885) $ 962 $ 1,015 $ (706) $ 309 | |
Schedule Of Amortization Of Intangible Assets | Amortization of intangibles, including impairments, for the fiscal years ended March 31, 2022, 2021 and 2020 are classified in the Consolidated Statements of Operations as follows (in millions): Year Ended March 31, 2022 2021 2020 Cost of revenue $ 133 $ 4 $ 12 Operating expenses 183 30 22 Total $ 316 $ 34 $ 34 During fiscal year 2022, we recorded impairment charges of $45 million for acquisition-related intangible assets, of which $34 million was recorded within operating expenses and $11 million was recorded within cost of revenue. During fiscal year 2021 and 2020, there were no impairment charges for acquisition-related intangible assets. | |
Schedule Of Future Amortization Of Acquisition-Related Intangibles | As of March 31, 2022, future amortization of finite-lived acquisition-related intangibles that will be recorded in the Consolidated Statements of Operations is estimated as follows (in millions): Fiscal Year Ending March 31, 2023 $ 244 2024 159 2025 126 2026 122 2027 102 Thereafter 129 Total $ 882 |
Royalties And Licenses (Tables)
Royalties And Licenses (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Royalties And Licenses [Abstract] | |
Schedule Of Royalty-Related Assets | The current and long-term portions of prepaid royalties and minimum guaranteed royalty-related assets, included in other current assets and other assets, consisted of (in millions): As of March 31, 2022 2021 Other current assets $ 35 $ 24 Other assets 28 20 Royalty-related assets $ 63 $ 44 |
Schedule Of Royalty-Related Liabilities | The current and long-term portions of accrued royalties, included in accrued and other current liabilities and other liabilities, consisted of (in millions): As of March 31, 2022 2021 Accrued royalties $ 203 $ 210 Other liabilities 3 — Royalty-related liabilities $ 206 $ 210 |
Balance Sheet Details (Tables)
Balance Sheet Details (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Balance Sheet Related Disclosures [Abstract] | |
Property And Equipment, Net Schedule | Property and equipment, net, as of March 31, 2022 and 2021 consisted of (in millions): As of March 31, 2022 2021 Computer, equipment and software $ 853 $ 808 Buildings 375 370 Leasehold improvements 202 172 Equipment, furniture and fixtures, and other 95 93 Land 66 66 Construction in progress 30 12 1,621 1,521 Less: accumulated depreciation (1,071) (1,030) Property and equipment, net $ 550 $ 491 |
Accrued And Other Current Liabilities Schedule | Accrued and other current liabilities as of March 31, 2022 and 2021 consisted of (in millions): As of March 31, 2022 2021 Other accrued expenses $ 304 $ 351 Accrued compensation and benefits 500 494 Accrued royalties 203 210 Sales returns and price protection reserves 144 115 Deferred net revenue (other) 156 95 Operating lease liabilities (See Note 13 ) 81 76 Accrued and other current liabilities $ 1,388 $ 1,341 |
Deferred Revenue, by Arrangement, Disclosure [Table Text Block] | Deferred net revenue as of March 31, 2022 and 2021, consisted of (in millions): As of March 31, 2022 2021 Deferred net revenue (online-enabled games) $ 2,024 $ 1,527 Deferred net revenue (other) 156 95 Deferred net revenue (noncurrent) 68 14 Total deferred net revenue $ 2,248 $ 1,636 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
Components Of Income Before Provision For (Benefit From) Income Taxes | The components of our income before provision for (benefit from) income taxes for the fiscal years ended March 31, 2022, 2021 and 2020 are as follows (in millions): Year Ended March 31, 2022 2021 2020 Domestic $ 204 $ 299 $ 380 Foreign 877 718 1,128 Income before provision for (benefit from) income taxes $ 1,081 $ 1,017 $ 1,508 |
Provision For (Benefit From) Income Taxes | Provision for (benefit from) income taxes for the fiscal years ended March 31, 2022, 2021 and 2020 consisted of (in millions): Current Deferred Total Year Ended March 31, 2022 Federal $ 203 $ (190) $ 13 State 36 (26) 10 Foreign 381 (112) 269 $ 620 $ (328) $ 292 Year Ended March 31, 2021 Federal $ 251 $ (26) $ 225 State 24 (2) 22 Foreign 47 (114) (67) $ 322 $ (142) $ 180 Year Ended March 31, 2020 Federal $ 258 $ (14) $ 244 State 39 (2) 37 Foreign 48 (1,860) (1,812) $ 345 $ (1,876) $ (1,531) |
Schedule Of Differences Between Statutory Tax Rate And Effective Tax Rate | The differences between the statutory tax rate and our effective tax rate, expressed as a percentage of income before provision for (benefit from) income taxes, for the fiscal years ended March 31, 2022, 2021 and 2020 were as follows: Year Ended March 31, 2022 2021 2020 Statutory federal tax expense rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 1.9 % 1.7 % 1.0 % Differences between statutory rate and foreign effective tax rate 6.8 % 7.0 % (8.4) % Excess tax benefit from equity compensation (1.2) % (2.7) % (0.1) % Research and development credits (2.8) % (2.4) % (1.2) % Swiss Deferred Tax Asset 2.7 % (10.1) % (122.1) % Acquired IP intra-entity sales (5.9) % — % — % The Altera opinion — % — % 5.4 % Non-deductible stock-based compensation 3.8 % 3.3 % 2.3 % Other 0.7 % (0.1) % 0.6 % Effective tax rate 27.0 % 17.7 % (101.5) % |
Deferred Tax Assets And Liabilities | The components of net deferred tax assets, as of March 31, 2022 and 2021 consisted of (in millions): As of March 31, 2022 2021 Deferred tax assets: Accruals, reserves and other expenses $ 185 $ 158 Tax credit carryforwards 198 161 Stock-based compensation 43 43 Net operating loss and capital loss carryforwards 349 258 Swiss intra-entity tax asset 1,782 1,781 Total 2,557 2,401 Valuation allowance (296) (230) Deferred tax assets, net of valuation allowance 2,261 2,171 Deferred tax liabilities: Amortization and depreciation (13) (140) ASC 606 Revenue Recognition — (21) Other (7) (8) Total (20) (169) Deferred tax assets, net of valuation allowance and deferred tax liabilities $ 2,241 $ 2,002 |
Schedule Of Unrecognized Tax Benefits | Balance as of March 31, 2019 $ 417 Increases in unrecognized tax benefits related to prior year tax positions 111 Decreases in unrecognized tax benefits related to prior year tax positions (4) Increases in unrecognized tax benefits related to current year tax positions 468 Decreases in unrecognized tax benefits related to settlements with taxing authorities — Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations (5) Changes in unrecognized tax benefits due to foreign currency translation (4) Balance as of March 31, 2020 983 Increases in unrecognized tax benefits related to prior year tax positions 12 Decreases in unrecognized tax benefits related to prior year tax positions (444) Increases in unrecognized tax benefits related to current year tax positions 55 Decreases in unrecognized tax benefits related to settlements with taxing authorities (2) Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations (27) Changes in unrecognized tax benefits due to foreign currency translation 7 Balance as of March 31, 2021 584 Increases in unrecognized tax benefits related to prior year tax positions 5 Decreases in unrecognized tax benefits related to prior year tax positions (21) Increases in unrecognized tax benefits related to current year tax positions 139 Decreases in unrecognized tax benefits related to settlements with taxing authorities (50) Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations (18) Changes in unrecognized tax benefits due to foreign currency translation (3) Balance as of March 31, 2022 $ 636 |
Financing Arrangement (Tables)
Financing Arrangement (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Debt Instruments [Abstract] | |
Schedule of Carrying Values Of Liability and Equity Components of Senior Notes [Table Text Block] | The carrying and fair values of the Senior Notes are as follows (in millions): As of March 31, 2022 As of March 31, 2021 Senior Notes: 4.80% Senior Notes due 2026 $ 400 $ 400 1.85% Senior Notes due 2031 750 750 2.95% Senior Notes due 2051 750 750 Total principal amount $ 1,900 $ 1,900 Unaccreted discount (6) (7) Unamortized debt issuance costs (16) (17) Net carrying value of Senior Notes $ 1,878 $ 1,876 Fair value of Senior Notes (Level 2) $ 1,711 $ 1,873 |
Schedule Of Interest Expense Related To Notes | The following table summarizes our interest expense recognized for fiscal years 2022, 2021 and 2020 that is included in interest and other income (expense), net on our Consolidated Statements of Operations (in millions): Year Ended March 31, 2022 2021 2020 Amortization of debt discount $ (1) $ — $ — Amortization of debt issuance costs (2) (2) (2) Coupon interest expense (55) (43) (42) Total interest expense $ (58) $ (45) $ (44) |
Leases, Codification Topic 842
Leases, Codification Topic 842 (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Leases [Abstract] | |
Lease, Cost | The components of lease expenses for the fiscal years ended March 31, 2022, 2021, and 2020 are as follows (in millions): Year Ended March 31, 2022 2021 2020 Operating lease costs $ 98 $ 87 $ 70 Variable lease costs 21 21 37 Short-term lease costs 2 2 14 Total lease expense $ 121 $ 110 $ 121 Supplemental cash and noncash information related to our operating leases for the fiscal years ended March 31, 2022, 2021, and 2020 are as follows (in millions): Year Ended March 31, 2022 2021 2020 Cash paid for amounts included in the measurement of lease liability $ 97 $ 85 $ 69 ROU assets obtained in exchange for new lease obligations $ 150 $ 90 $ 52 Weighted average remaining lease term and discount rate at March 31, 2022 and 2021 are as follows: At March 31, 2022 At March 31, 2021 Lease term 6.8 years 7.2 years Discount rate 2.5 % 2.7 % |
AssetsandLiabilitiesLesseeTableTextBlock | Operating lease ROU assets and liabilities recorded on our Consolidated Balance Sheets as of March 31, 2022 and 2021 are as follows (in millions): As of March 31, Balance Sheet Classification 2022 2021 Operating lease ROU assets $ 314 $ 242 Other assets Operating lease liabilities $ 81 $ 76 Accrued and other current liabilities Noncurrent operating lease liabilities 272 202 Other liabilities Total operating lease liabilities $ 353 $ 278 |
Lessee, Operating Lease, Liability, Maturity | Future minimum lease payments under operating leases as of March 31, 2022 were as follows (in millions): Fiscal Years Ending March 31, 2023 $ 86 2024 73 2025 56 2026 46 2027 31 Thereafter 93 Total future lease payments 385 Less imputed interest (32) Total operating lease liabilities $ 353 |
Commitments And Contingencies (
Commitments And Contingencies (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Minimum Contractual Obligations | The following table summarizes all of our minimum contractual obligations as of March 31, 2022 (in millions): Fiscal Years Ending March 31, Total 2023 2024 2025 2026 2027 Thereafter Unrecognized commitments Developer/licensor commitments $ 1,851 $ 316 $ 449 $ 434 $ 357 $ 81 $ 214 Marketing commitments 837 231 206 191 125 54 30 Senior Notes interest 836 49 55 55 54 36 587 Operating lease imputed interest 32 8 6 5 3 2 8 Operating leases not yet commenced 138 13 8 7 13 11 86 Other purchase obligations 134 64 55 10 4 1 — Total unrecognized commitments 3,828 681 779 702 556 185 925 Recognized commitments Senior Notes principal and interest 1,906 6 — — 400 — 1,500 Operating leases 353 78 67 51 43 29 85 Transition Tax and other taxes 19 2 4 6 7 — — Total recognized commitments 2,278 86 71 57 450 29 1,585 Total Commitments $ 6,106 $ 767 $ 850 $ 759 $ 1,006 $ 214 $ 2,510 |
Stock-Based Compensation And Em
Stock-Based Compensation And Employee Benefit Plans (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Schedule Of Assumptions Used In The Black-Scholes Valuation Model | The estimated assumptions used in the Black-Scholes valuation model to value our ESPP purchase rights were as follows: ESPP Purchase Rights Year Ended March 31, 2022 2021 2020 Risk-free interest rate 0.1 - 1.1% 0.1 % 1.5 - 1.9% Expected volatility 25 - 30% 32 - 39% 23 - 37% Weighted-average volatility 27% 36% 26% Expected term 6 - 12 months 6 - 12 months 6 - 12 months Expected dividends 0.6% 0.3 % None |
Schedule Of Assumptions Used In Monte-Carlo Simulation Model | The assumptions used in the Monte-Carlo simulation model to value our market-based restricted stock units were as follows: Year Ended March 31, 2022 2021 2020 Risk-free interest rate 0.4% 0.2 % 1.6 - 1.8% Expected volatility 24 - 76% 23 - 63% 14 - 65% Weighted-average volatility 40% 37% 29% Expected dividends None None None |
Schedule Of Stock-Based Compensation Expense By Statement Of Operations | The following table summarizes stock-based compensation expense resulting from stock options, restricted stock units, market-based restricted stock units, performance-based restricted stock units, and the ESPP purchase rights included in our Consolidated Statements of Operations (in millions): Year Ended March 31, 2022 2021 2020 Cost of revenue $ 6 $ 5 $ 4 Research and development 356 285 229 Marketing and sales 54 46 37 General and administrative 112 99 77 Stock-based compensation expense $ 528 $ 435 $ 347 |
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity | The following table summarizes our ESPP activity for fiscal years ended March 31, 2022, 2021 and 2020: Shares Issued Exercise Prices for Purchase Rights Weighted-Average Fair Values of Purchase Rights Fiscal Year 2020 0.7 $74.70 - $74.89 $ 29.05 Fiscal Year 2021 0.7 $74.70 - $119.37 $ 29.80 Fiscal Year 2022 0.6 $113.39 - $118.14 $ 35.94 |
Shares Repurchased and Retired | The following table summarizes total shares repurchased during fiscal years 2022, 2021, and 2020: May 2018 Program November 2020 Program Total (In millions) Shares Amount Shares Amount Shares Amount Fiscal Year 2020 12.3 $ 1,207 — $ — 12.3 $ 1,207 Fiscal Year 2021 0.7 $ 78 4.9 $ 651 5.6 $ 729 Fiscal Year 2022 — $ — 9.5 $ 1,300 9.5 $ 1,300 |
Employee Stock Option [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award | The following table summarizes our stock option activity for the fiscal year ended March 31, 2022: Options Weighted- Weighted- Aggregate Outstanding as of March 31, 2021 267 $ 35.71 Assumed via acquisition 150 60.87 Granted 3 138.32 Exercised (92) 54.43 Forfeited, cancelled or expired (42) 67.04 Outstanding as of March 31, 2022 286 $ 39.28 2.75 $ 25 Vested and expected to vest 286 $ 39.28 2.75 $ 25 Exercisable as of March 31, 2022 279 $ 38.06 2.65 $ 24 |
Restricted Stock Rights [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award | Each restricted stock unit granted reduces the number of shares available for grant by 1.43 shares under our 2019 Equity Plan. The following table summarizes our restricted stock units activity, excluding performance-based and market-based restricted stock unit activity which is discussed below, for the fiscal year ended March 31, 2022: Restricted Weighted- Outstanding as of March 31, 2021 5,764 $ 113.25 Assumed via acquisition 816 120.54 Granted 4,598 139.66 Vested (3,345) 114.55 Forfeited or cancelled (1,151) 125.41 Outstanding as of March 31, 2022 6,682 $ 129.57 |
Performance Based Restricted Stock Units [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award | The following table summarizes our performance-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the fiscal year ended March 31, 2022: Performance- Weighted- Outstanding as of March 31, 2021 579 $ 110.51 Granted 300 140.48 Vested (266) 110.51 Forfeited or cancelled (423) 117.33 Outstanding as of March 31, 2022 190 $ 142.60 |
Market Based Restricted Stock Units [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award | The following table summarizes our market-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the year ended March 31, 2022 : Market-Based Weighted- Outstanding as of March 31, 2021 2,195 $ 134.60 Granted 175 170.44 Vested (271) 123.82 Forfeited or cancelled (778) 146.26 Outstanding as of March 31, 2022 1,321 $ 134.69 |
Interest And Other Income (Ex_2
Interest And Other Income (Expense), Net (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Interest and Other Income [Abstract] | |
Schedule Of Interest And Other Income (Expense), Net | Interest and other income (expense), net, for the fiscal years ended March 31, 2022, 2021 and 2020 consisted of (in millions): Year Ended March 31, 2022 2021 2020 Interest expense (58) (45) (44) Interest income 4 24 100 Net gain (loss) on foreign currency transactions (22) 9 11 Net gain (loss) on foreign currency forward contracts 21 (19) (4) Other income (expense), net 7 2 — Interest and other income (expense), net $ (48) $ (29) $ 63 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Earnings Per Share Reconciliation [Abstract] | |
Computation Of Basic Earnings And Diluted Earnings Per Share | Year Ended March 31, (In millions, except per share amounts) 2022 2021 2020 Net income $ 789 $ 837 $ 3,039 Shares used to compute earnings per share: Weighted-average common stock outstanding — basic 284 289 293 Dilutive potential common shares related to stock award plans and from assumed exercise of stock options 2 3 2 Weighted-average common stock outstanding — diluted 286 292 295 Earnings per share: Basic $ 2.78 $ 2.90 $ 10.37 Diluted $ 2.76 $ 2.87 $ 10.30 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Mar. 31, 2022 | |
Segment Reporting [Abstract] | |
Disaggregation of Revenue | Information about our total net revenue by timing of recognition for the fiscal years ended March 31, 2022, 2021 and 2020 is presented below (in millions): Year Ended March 31, 2022 2021 2020 Net revenue by timing of recognition Revenue recognized at a point in time $ 2,326 $ 2,006 $ 2,043 Revenue recognized over time 4,665 3,623 3,494 Net revenue $ 6,991 $ 5,629 $ 5,537 |
Net Revenue By Revenue Composition | Information about our total net revenue by composition for the fiscal years ended March 31, 2022, 2021 and 2020 is presented below (in millions): Year Ended March 31, 2022 2021 2020 Net revenue by composition Full game downloads $ 1,282 $ 918 $ 811 Packaged goods 711 695 1,076 Full game 1,993 1,613 1,887 Live services and other 4,998 4,016 3,650 Net revenue $ 6,991 $ 5,629 $ 5,537 |
Schedule of Net Revenue by Platform | Information about our total net revenue by platform for the fiscal years ended March 31, 2022, 2021 and 2020 is presented below (in millions): Year Ended March 31, 2022 2021 2020 Platform net revenue Console $ 4,400 $ 3,716 $ 3,774 PC and other 1,532 1,195 1,036 Mobile 1,059 718 727 Net revenue $ 6,991 $ 5,629 $ 5,537 |
Net Revenue By Geographic Area | Information about our operations in North America and internationally for the fiscal years ended March 31, 2022, 2021 and 2020 is presented below (in millions): Year Ended March 31, 2022 2021 2020 Net revenue from unaffiliated customers North America $ 3,039 $ 2,474 $ 2,270 International 3,952 3,155 3,267 Net revenue $ 6,991 $ 5,629 $ 5,537 |
Long-Lived Assets By Geographic Area | As of March 31, 2022 2021 Long-lived assets North America $ 446 $ 397 International 104 94 Total $ 550 $ 491 |
Description Of Business And B_2
Description Of Business And Basis of Presentation (Fiscal Periods) (Details) | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Description Of Business And Basis of Presentation [Line Items] | |||
Current and Prior Years Fiscal Period (in weeks) | 52 | 53 | 53 |
Minimum [Member] | |||
Description Of Business And Basis of Presentation [Line Items] | |||
Fiscal Year (in weeks) | 52 | ||
Maximum [Member] | |||
Description Of Business And Basis of Presentation [Line Items] | |||
Fiscal Year (in weeks) | 53 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Revenue Recognition) (Details) - USD ($) | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
FY21 Change in Estimated Offering Period [Member] | ||
Change in Accounting Estimate [Line Items] | ||
Increase in Net Revenue due to Change in Estimated Offering Period | $ 331,000,000 | |
Decrease in Net Revenue due to Change in Estimated Offering Period | $ 333,000,000 | |
Increase in Net Income due to Change in Estimated Offering Period | 252,000,000 | |
Decrease in Net Income due to Change in Estimated Offering Period | 280,000,000 | |
Increase in Diluted Earnings Per Share due to Change in Estimated Offering Period | 0.88 | |
Decrease in Diluted Earnings Per Share due to Change in Estimated Offering Period | $ 0.96 | |
FY22 Change in Estimated Offering Period [Member] | ||
Change in Accounting Estimate [Line Items] | ||
Decrease in Net Revenue due to Change in Estimated Offering Period | 131,000,000 | |
Decrease in Net Income due to Change in Estimated Offering Period | 100,000,000 | |
Decrease in Diluted Earnings Per Share due to Change in Estimated Offering Period | $ 0.35 | |
Recognized at a point in time | ||
Change in Accounting Estimate [Line Items] | ||
Percentage of sales price | 75.00% | |
Recognized over time | ||
Change in Accounting Estimate [Line Items] | ||
Percentage of sales price | 25.00% |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Property Plant and Equipment and Internal Use Software Policy) (Details) - USD ($) $ in Millions | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Property, Plant and Equipment [Line Items] | ||
Capitalized internal-use software | $ 86 | $ 72 |
Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 1 year | |
Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 7 years | |
Buildings | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 20 years | |
Buildings | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 25 years | |
Computer equipment and software | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 2 years | |
Computer equipment and software | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 6 years | |
Equipment, Furniture and Fixtures, and Other [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 3 years | |
Equipment, Furniture and Fixtures, and Other [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 5 years | |
Leasehold Improvements [Member] | Minimum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 1 year | |
Leasehold Improvements [Member] | Maximum [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Useful Life | 15 years | |
Computer Software, Intangible Asset [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Capitalized Internal-use Software, Estimated Useful Life | 3 years |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies (Acquisition-Related Intangibles and Other Long-Lived Assets) (Details) | 12 Months Ended |
Mar. 31, 2022 | |
Minimum [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
Finite-Lived Intangible Asset, Useful Life | 1 year |
Maximum [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
Finite-Lived Intangible Asset, Useful Life | 7 years |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies Concentration of Credit Risk, Significant Customers and Channel Partners) (Details) | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Accounts Receivable [Member] | Customer A [Member] | |||
Revenue, Major Customer [Line Items] | |||
Concentration Risk, Percentage | 32.00% | 35.00% | |
Accounts Receivable [Member] | Customer B [Member] | |||
Revenue, Major Customer [Line Items] | |||
Concentration Risk, Percentage | 29.00% | 34.00% | |
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | |||
Revenue, Major Customer [Line Items] | |||
Concentration Risk, Percentage | 77.00% | 78.00% | 68.00% |
Product Concentration Risk [Member] | Sales Revenue, Product Line [Member] | |||
Revenue, Major Customer [Line Items] | |||
Concentration Risk, Percentage | 60.00% | 64.00% | 67.00% |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies (Advertising Costs) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Operating Expenses [Abstract] | |||
Advertising expense, net of vendor reimbursements | $ 396 | $ 222 | $ 195 |
Cooperative Advertising Amount | $ 37 | $ 22 | $ 38 |
Summary of Significant Accoun_8
Summary of Significant Accounting Policies (Foreign Currency Translation) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Derivative [Line Items] | |||
Net gain (loss) on foreign currency forward contracts | $ 21 | $ (19) | $ (4) |
Net gain (loss) on foreign currency transactions | $ (22) | $ 9 | $ 11 |
Summary of Significant Accoun_9
Summary of Significant Accounting Policies (Income Taxes) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Deferred Tax Assets, Net | $ 2,241 | $ 2,002 | |
Deferred Tax Assets, Valuation Allowance | 296 | 230 | |
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | 141 | $ 1,760 | |
Income Tax Expense (Benefit) | $ 292 | $ 180 | (1,531) |
Swiss Federal Tax Administration (FTA) [Member] | |||
Deferred Tax Assets, Net | 1,840 | ||
Deferred Tax Assets, Valuation Allowance | 131 | ||
Reduction in Taxes [Member] | |||
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | 393 | ||
Income Tax Expense (Benefit) | $ 80 |
Fair Value Measurements (Fair V
Fair Value Measurements (Fair Value of Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Total assets at fair value | $ 740 | $ 3,490 |
Total liabilities at fair value | 36 | 59 |
Fair value, Available-for-sale of securities | 330 | 1,106 |
Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Total assets at fair value | 437 | 2,712 |
Total liabilities at fair value | 22 | 19 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Total assets at fair value | 303 | 778 |
Total liabilities at fair value | 14 | 40 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Total assets at fair value | 0 | 0 |
Total liabilities at fair value | 0 | 0 |
Short-Term Investments [Member] | Debt Security, Government, Non-US [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 17 | |
Short-Term Investments [Member] | Certificates of Deposit [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 18 | |
Short-Term Investments [Member] | Asset-backed Securities [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, at Fair Value | 38 | |
Short-Term Investments [Member] | Significant Other Observable Inputs (Level 2) [Member] | US Agencies Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 3 | |
Short-Term Investments [Member] | Significant Other Observable Inputs (Level 2) [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 17 | 67 |
Short-Term Investments [Member] | Significant Other Observable Inputs (Level 2) [Member] | Certificates of Deposit [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 18 | 41 |
Short-Term Investments [Member] | Significant Other Observable Inputs (Level 2) [Member] | Asset-backed Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, at Fair Value | 38 | 112 |
Short-Term Investments And Cash Equivalents [Member] | Corporate Bonds [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 116 | 380 |
Short-Term Investments And Cash Equivalents [Member] | U.S. Treasury Securities [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 104 | 437 |
Short-Term Investments And Cash Equivalents [Member] | US Agencies Securities [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 3 | |
Short-Term Investments And Cash Equivalents [Member] | Commercial Paper [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 51 | 142 |
Short-Term Investments And Cash Equivalents [Member] | Debt Security, Government, Non-US [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 67 | |
Short-Term Investments And Cash Equivalents [Member] | Certificates of Deposit [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 41 | |
Short-Term Investments And Cash Equivalents [Member] | Asset-backed Securities [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, at Fair Value | 112 | |
Short-Term Investments And Cash Equivalents [Member] | Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | U.S. Treasury Securities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 104 | 437 |
Short-Term Investments And Cash Equivalents [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Bonds [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 116 | 380 |
Short-Term Investments And Cash Equivalents [Member] | Significant Other Observable Inputs (Level 2) [Member] | Commercial Paper [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Available-for-sale of securities | 51 | 142 |
Cash Equivalents [Member] | Bank Time Deposits [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Cash equivalents | 55 | 157 |
Cash Equivalents [Member] | Money Market Funds [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Cash equivalents | 257 | 2,100 |
Cash Equivalents [Member] | Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | Bank Time Deposits [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Cash equivalents | 55 | 157 |
Cash Equivalents [Member] | Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | Money Market Funds [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Cash equivalents | 257 | 2,100 |
Other Current Assets and Other Assets [Domain] | Foreign Currency Derivatives [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Foreign currency derivatives, assets | 63 | 33 |
Other Current Assets and Other Assets [Domain] | Significant Other Observable Inputs (Level 2) [Member] | Foreign Currency Derivatives [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Foreign currency derivatives, assets | 63 | 33 |
Other Assets [Member] | Deferred compensation plan assets | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Deferred compensation plan assets and liabilities | 21 | 18 |
Other Assets [Member] | Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | Deferred compensation plan assets | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Deferred compensation plan assets and liabilities | 21 | 18 |
Accrued and Other Current Liabilities [Member] | Foreign Currency Derivatives [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Foreign currency derivatives, liabilities | 14 | 40 |
Accrued and Other Current Liabilities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Foreign Currency Derivatives [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Foreign currency derivatives, liabilities | 14 | 40 |
Other Liabilities [Members] | Deferred Compensation Plan Liabilities [Member] | Fair Value | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Deferred compensation plan assets and liabilities | 22 | 19 |
Other Liabilities [Members] | Quoted Prices In Active Markets For Identical Financial Instruments (Level 1) | Deferred Compensation Plan Liabilities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value, Deferred compensation plan assets and liabilities | $ 22 | $ 19 |
Financial Instruments (Narrativ
Financial Instruments (Narrative) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 |
Financial Instruments [Line Items] | ||||
Cash and cash equivalents | $ 2,732 | $ 5,260 | $ 3,768 | $ 4,708 |
(Fair Value Of Short-Term Inves
(Fair Value Of Short-Term Investments) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Financial Instruments [Line Items] | ||
Short-term investments, Fair Value | $ 330 | $ 1,106 |
Short-Term Investments [Member] | ||
Financial Instruments [Line Items] | ||
Short-term investments, Amortized Cost | 332 | 1,105 |
Gross Unrealized Gains | 0 | 1 |
Gross Unrealized Losses | (2) | 0 |
Short-term investments, Fair Value | 330 | 1,106 |
Short-Term Investments [Member] | Corporate Bonds [Member] | ||
Financial Instruments [Line Items] | ||
Short-term investments, Amortized Cost | 117 | 372 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | (1) | 0 |
Short-term investments, Fair Value | 116 | 372 |
Short-Term Investments [Member] | U.S. Treasury Securities [Member] | ||
Financial Instruments [Line Items] | ||
Short-term investments, Amortized Cost | 103 | 374 |
Gross Unrealized Gains | 0 | 1 |
Gross Unrealized Losses | (1) | 0 |
Short-term investments, Fair Value | 102 | 375 |
Short-Term Investments [Member] | U.S. Agency Securities [Member] | ||
Financial Instruments [Line Items] | ||
Short-term investments, Amortized Cost | 0 | 3 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Short-term investments, Fair Value | 0 | 3 |
Short-Term Investments [Member] | Commercial Paper [Member] | ||
Financial Instruments [Line Items] | ||
Short-term investments, Amortized Cost | 39 | 136 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Short-term investments, Fair Value | 39 | 136 |
Short-Term Investments [Member] | Debt Security, Government, Non-US [Member] | ||
Financial Instruments [Line Items] | ||
Short-term investments, Amortized Cost | 17 | 67 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Short-term investments, Fair Value | 17 | 67 |
Short-Term Investments [Member] | Asset-backed Securities [Member] | ||
Financial Instruments [Line Items] | ||
Short-term investments, Amortized Cost | 38 | 112 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Short-term investments, Fair Value | 38 | 112 |
Short-Term Investments [Member] | Certificates of Deposit [Member] | ||
Financial Instruments [Line Items] | ||
Short-term investments, Amortized Cost | 18 | 41 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Short-term investments, Fair Value | $ 18 | $ 41 |
(Fair Value Of Short-Term Inv_2
(Fair Value Of Short-Term Investments By Stated Maturity Date Schedule) (Details) - Short-Term Investments [Member] - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Financial Instruments [Line Items] | ||
Short-term investments, Amortized Cost | $ 332 | $ 1,105 |
Short-term investments, Fair Value | 330 | 1,106 |
Due in 1 year or less, Amortized Cost | 250 | 895 |
Due in 1 year or less, Fair Value | 249 | 896 |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost | 77 | 203 |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value | 76 | 203 |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost | 5 | 7 |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value | $ 5 | $ 7 |
Derivative Financial Instrume_3
Derivative Financial Instruments (Narrative) (Details) | 12 Months Ended |
Mar. 31, 2022 | |
Designated as Hedging Instrument [Member] | |
Derivative Instruments and Hedging Activities Disclosures | |
Foreign Currency Forward And Option Contracts Maximum Maturity Period | 18 months |
Not Designated as Hedging Instrument [Member] | |
Derivative Instruments and Hedging Activities Disclosures | |
Foreign Currency Forward And Option Contracts Maximum Maturity Period | 3 months |
Derivative Financial Instrume_4
Derivative Financial Instruments Gross Notional Amounts and Fair Values for Currency Derivatives (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Foreign exchange forward contracts to purchase [Member] | ||
Derivative Instruments and Hedging Activities Disclosures | ||
Fair value of foreign currency contracts outstanding, Assets | $ 4 | $ 14 |
Fair value of foreign currency contracts outstanding, Liabilities | 3 | 1 |
Foreign exchange forward contracts to sell [Member] | ||
Derivative Instruments and Hedging Activities Disclosures | ||
Fair value of foreign currency contracts outstanding, Assets | 52 | 15 |
Fair value of foreign currency contracts outstanding, Liabilities | 6 | 35 |
Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to purchase [Member] | ||
Derivative Instruments and Hedging Activities Disclosures | ||
Derivative, Notional Amount | 375 | 370 |
Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to sell [Member] | ||
Derivative Instruments and Hedging Activities Disclosures | ||
Derivative, Notional Amount | 1,829 | 1,840 |
United States Dollar [Member] | Not Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to purchase [Member] | ||
Derivative Instruments and Hedging Activities Disclosures | ||
Derivative, Notional Amount | 496 | 599 |
United States Dollar [Member] | Not Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to sell [Member] | ||
Derivative Instruments and Hedging Activities Disclosures | ||
Derivative, Notional Amount | 400 | 450 |
Balance Sheet Hedging [Member] | Not Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to purchase [Member] | ||
Derivative Instruments and Hedging Activities Disclosures | ||
Derivative Asset, Current | 6 | 0 |
Derivative Liability, Current | 0 | 4 |
Balance Sheet Hedging [Member] | Not Designated as Hedging Instrument [Member] | Foreign exchange forward contracts to sell [Member] | ||
Derivative Instruments and Hedging Activities Disclosures | ||
Derivative Asset, Current | 1 | 4 |
Derivative Liability, Current | $ 5 | $ 0 |
Location of Gain (Loss) Recogni
Location of Gain (Loss) Recognized in Income on Derivative, Non-Designated Hedging Instruments (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net revenue | $ 6,991 | $ 5,629 | $ 5,537 |
Research and development | 2,186 | 1,778 | 1,559 |
Other Nonoperating Income (Expense) | (48) | (29) | 63 |
Interest And Other Income (Expense), Net [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 21 | (19) | (4) |
Sales Revenue, Net [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | (14) | (30) | 71 |
Research and Development | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | $ 12 | $ 4 | $ (9) |
Changes in Accumulated Other Co
Changes in Accumulated Other Comprehensive Income by Component (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ 15 | $ (50) | $ (50) | $ (30) |
Other comprehensive income (loss) before reclassifications | 63 | (25) | 44 | |
Amounts reclassified from accumulated other comprehensive income (loss) | 2 | 25 | (64) | |
Net current-period other comprehensive income (loss) | 65 | 0 | (20) | |
Unrealized Gains (Losses) on Available-for-Sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (3) | 0 | (4) | (1) |
Other comprehensive income (loss) before reclassifications | (3) | 5 | (1) | |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | (1) | (2) | |
Net current-period other comprehensive income (loss) | (3) | 4 | (3) | |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 47 | (29) | 39 | 22 |
Other comprehensive income (loss) before reclassifications | 74 | (94) | 79 | |
Amounts reclassified from accumulated other comprehensive income (loss) | 2 | 26 | (62) | |
Net current-period other comprehensive income (loss) | 76 | (68) | 17 | |
Foreign Currency Translation Adjustment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (29) | (21) | (85) | $ (51) |
Other comprehensive income (loss) before reclassifications | (8) | 64 | (34) | |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | 0 | 0 | |
Net current-period other comprehensive income (loss) | $ (8) | $ 64 | $ (34) |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income Effects on net income of amounts reclassified from accumulated other comprehensive income (loss) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Amounts reclassified from accumulated other comprehensive income (loss) | $ 2 | $ 25 | $ (64) |
Unrealized Gains (Losses) on Available-for-Sale Securities | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | (1) | (2) |
Unrealized Gains (Losses) on Available-for-Sale Securities | Interest Income [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | (1) | (2) |
Unrealized Gains (Losses) on Derivative Instruments | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Amounts reclassified from accumulated other comprehensive income (loss) | 2 | 26 | (62) |
Unrealized Gains (Losses) on Derivative Instruments | Sales Revenue, Net [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Amounts reclassified from accumulated other comprehensive income (loss) | 14 | 30 | (71) |
Unrealized Gains (Losses) on Derivative Instruments | Research and Development | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Amounts reclassified from accumulated other comprehensive income (loss) | (12) | (4) | 9 |
Foreign Currency Translation Adjustment [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Amounts reclassified from accumulated other comprehensive income (loss) | $ 0 | $ 0 | $ 0 |
Business Combinations (Details)
Business Combinations (Details) $ in Millions | Sep. 20, 2021USD ($) | Apr. 29, 2021USD ($)gluCSToEACSConversionRate | Feb. 18, 2021USD ($) | Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Mar. 31, 2020USD ($) |
Business Acquisition [Line Items] | ||||||
Goodwill | $ 5,387 | $ 2,868 | $ 1,885 | |||
Goodwill acquired | 2,519 | 984 | ||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 3,391 | $ 1,239 | $ 0 | |||
Weighted Average | ||||||
Business Acquisition [Line Items] | ||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 5 years 2 months 12 days | 3 years 6 months | ||||
Codemasters Group Holdings plc [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Acquisition, Effective Date of Acquisition | Feb. 18, 2021 | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | |||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 1,200 | |||||
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities | $ (29) | |||||
Glu Mobile Inc. [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Acquisition, Effective Date of Acquisition | Apr. 29, 2021 | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | |||||
Business Acquisition, Transaction Costs | $ 15 | 11 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets | 63 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 14 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets | 48 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | 526 | |||||
Goodwill acquired | 1,506 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | (38) | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities | (78) | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities | (39) | |||||
Payments to Acquire Businesses, Net of Cash Acquired | 2,000 | 2,002 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | $ 332 | |||||
Exchange Ratio Used to Convert Glu Awards to EA Number of Shares | gluCSToEACSConversionRate | 0.0880 | |||||
Fair Value of the Replacement Awards | $ 133 | |||||
Portion of Replacement Awards Related to Services Rendered Prior to Glu Acquisition | 23 | |||||
Portion of Replacement Awards Related to Services Rendered After Glu Acquisition | $ 110 | |||||
Glu Mobile Inc. [Member] | In Process Research and Development | ||||||
Business Acquisition [Line Items] | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets | $ 73 | |||||
Glu Mobile Inc. [Member] | Weighted Average | ||||||
Business Acquisition [Line Items] | ||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 5 years 6 months | |||||
Glu Mobile Inc. [Member] | Developed And Core Technology | ||||||
Business Acquisition [Line Items] | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 232 | |||||
Glu Mobile Inc. [Member] | Trademarks and Trade Names [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 209 | |||||
Glu Mobile Inc. [Member] | Registered User Base And Other Intangibles [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 12 | |||||
Playdemic Limited [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Acquisition, Effective Date of Acquisition | Sep. 20, 2021 | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | |||||
Business Acquisition, Transaction Costs | $ 11 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets | 17 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 2 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets | 3 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | 438 | |||||
Goodwill | 1,031 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities | (84) | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities | (4) | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities | (2) | |||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 1,400 | 1,401 | ||||
Playdemic Limited [Member] | Developed And Core Technology | ||||||
Business Acquisition [Line Items] | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 177 | |||||
Playdemic Limited [Member] | Trademarks and Trade Names [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 223 | |||||
Playdemic Limited [Member] | Registered User Base And Other Intangibles [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 38 |
(Goodwill And Acquisition-Relat
(Goodwill And Acquisition-Related Intangibles, Net) (Details) | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Minimum [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 1 year | |
Maximum [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Finite-Lived Intangible Asset, Useful Life | 7 years | |
Weighted Average | ||
Finite-Lived Intangible Assets [Line Items] | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 5 years 2 months 12 days | 3 years 6 months |
(Schedule Of Changes In The Car
(Schedule Of Changes In The Carrying Amount Of Goodwill) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Goodwill [Roll Forward] | |||
Goodwill, Gross | $ 5,755 | $ 3,236 | $ 2,253 |
Goodwill, Accumulated Impairment | (368) | (368) | (368) |
Goodwill, Net | 5,387 | 2,868 | $ 1,885 |
Goodwill acquired | 2,519 | 984 | |
Effects of foreign currency translation | $ 0 | $ (1) |
(Schedule Of Acquisition-Relate
(Schedule Of Acquisition-Related Intangibles) (Details) - USD ($) $ in Millions | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | $ 1,767 | $ 969 |
Accumulated amortization | (885) | (706) |
Acquisition-related intangibles, net | 882 | 263 |
Intangible Assets, Gross (Excluding Goodwill) [Abstract] | ||
Intangible Assets, Gross (Excluding Goodwill) | 1,847 | 1,015 |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ||
Intangible Assets, Net (Excluding Goodwill) | $ 962 | $ 309 |
Weighted Average | ||
Finite-Lived Intangible Assets [Line Items] | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 5 years 2 months 12 days | 3 years 6 months |
In Process Research and Development | ||
Indefinite-Lived Intangible Assets [Line Items] | ||
Indefinite-Lived Intangible Assets (Excluding Goodwill) | $ 80 | $ 46 |
Developed And Core Technology | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 1,102 | 691 |
Accumulated amortization | (643) | (472) |
Acquisition-related intangibles, net | 459 | 219 |
Trade Names And Trademarks | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 609 | 188 |
Accumulated amortization | (212) | (144) |
Acquisition-related intangibles, net | 397 | 44 |
Registered User Base And Other Intangibles | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 56 | 5 |
Accumulated amortization | (30) | (5) |
Acquisition-related intangibles, net | 26 | 0 |
Carrier Contracts And Related | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross carrying amount | 0 | 85 |
Accumulated amortization | 0 | (85) |
Acquisition-related intangibles, net | $ 0 | $ 0 |
(Schedule Of Amortization Of In
(Schedule Of Amortization Of Intangible Assets) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Finite-Lived Intangible Assets [Line Items] | |||
Amortization of intangibles | $ 183 | $ 30 | $ 22 |
Asset Impairment Charges | 45 | ||
Cost of revenue [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Amortization of intangibles | 133 | 4 | 12 |
Asset Impairment Charges | 11 | ||
Operating expenses | |||
Finite-Lived Intangible Assets [Line Items] | |||
Amortization of intangibles | 183 | 30 | 22 |
Asset Impairment Charges | 34 | ||
Total amortization | |||
Finite-Lived Intangible Assets [Line Items] | |||
Amortization of intangibles | $ 316 | $ 34 | $ 34 |
(Schedule Of Future Amortizatio
(Schedule Of Future Amortization Of Acquisition-Related Intangibles) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Finite-Lived Intangible Assets [Line Items] | ||
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | $ 244 | |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 159 | |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 126 | |
Finite-Lived Intangible Asset, Expected Amortization, Year Four | 122 | |
Finite-Lived Intangible Assets, Amortization Expense, Year Five and Thereafter | 102 | |
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | 129 | |
Acquisition-related intangibles, net | 882 | $ 263 |
Excluding In Process and Research Development [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Acquisition-related intangibles, net | $ 882 |
Royalties And Licenses (Narrati
Royalties And Licenses (Narrative) (Details) $ in Millions | Mar. 31, 2022USD ($) |
Royalties And Licenses [Line Items] | |
Unrecorded unconditional purchase obligation | $ 3,828 |
(Schedule Of Royalty-Related As
(Schedule Of Royalty-Related Assets) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Royalties And Licenses [Line Items] | ||
Royalty-related assets | $ 63 | $ 44 |
Other Current Assets [Member] | ||
Royalties And Licenses [Line Items] | ||
Royalty-related assets | 35 | 24 |
Other Assets [Member] | ||
Royalties And Licenses [Line Items] | ||
Royalty-related assets | $ 28 | $ 20 |
(Schedule Of Royalty-Related Li
(Schedule Of Royalty-Related Liabilities) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Royalty-Related Liabilities [Line Items] | ||
Royalty-related liabilities | $ 206 | $ 210 |
Accrued royalties | ||
Royalty-Related Liabilities [Line Items] | ||
Royalty-related liabilities | 203 | 210 |
Other Liabilities [Member] | ||
Royalty-Related Liabilities [Line Items] | ||
Royalty-related liabilities | $ 3 | $ 0 |
Balance Sheet Details (Property
Balance Sheet Details (Property And Equipment, Net Schedule) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Property, Plant and Equipment [Line Items] | |||
Depreciation expense | $ 162 | $ 138 | $ 120 |
Property and equipment, gross | 1,621 | 1,521 | |
Less accumulated depreciation | (1,071) | (1,030) | |
Property and equipment, net | 550 | 491 | |
Computer equipment and software | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | 853 | 808 | |
Buildings | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | 375 | 370 | |
Leasehold improvements | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | 202 | 172 | |
Equipment, furniture and fixtures, and other | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | 95 | 93 | |
Land | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | 66 | 66 | |
Construction in progress | |||
Property, Plant and Equipment [Line Items] | |||
Property and equipment, gross | $ 30 | $ 12 |
Balance Sheet Details (Accrued
Balance Sheet Details (Accrued And Other Current Liabilities Schedule) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Other accrued expenses | $ 304 | $ 351 |
Accrued compensation and benefits | 500 | 494 |
Accrued royalties | 203 | 210 |
Sales return and price protection reserves | 144 | 115 |
Deferred net revenue, other | 156 | 95 |
Operating Lease, Liability, Current | 81 | 76 |
Accrued Liabilities, Current | $ 1,388 | $ 1,341 |
Balance Sheet Details Balance S
Balance Sheet Details Balance Sheet Details (Deferred Net Revenue) (Details) - USD ($) $ in Millions | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Revenue Recognition, Multiple-deliverable Arrangements [Line Items] | ||
Deferred Revenue, Current | $ 2,024 | $ 1,527 |
Deferred Revenue, Revenue Recognized | 1,613 | 1,010 |
Online enabled games [Member] | ||
Revenue Recognition, Multiple-deliverable Arrangements [Line Items] | ||
Deferred Revenue, Current | 2,024 | 1,527 |
Other [Member] | ||
Revenue Recognition, Multiple-deliverable Arrangements [Line Items] | ||
Deferred Revenue, Current | 156 | 95 |
Noncurrent [Member] | ||
Revenue Recognition, Multiple-deliverable Arrangements [Line Items] | ||
Deferred Revenue, Noncurrent | 68 | 14 |
Total [Member] | ||
Revenue Recognition, Multiple-deliverable Arrangements [Line Items] | ||
Deferred Revenue | $ 2,248 | $ 1,636 |
Balance Sheet Details Balance_2
Balance Sheet Details Balance Sheet Details (Remaining Performance Obligations) (Details) $ in Millions | Mar. 31, 2022USD ($) |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | $ 29 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 12 months |
Unsatisfied Performance Obligations [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | $ 45 |
Total deferred revenue [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | $ 2,248 |
Income Taxes (Narrative) (Detai
Income Taxes (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2019 | |
Income Tax Disclosure [Line Items] | ||||
Income Tax Expense (Benefit) | $ 292 | $ 180 | $ (1,531) | |
Net operating Loss Carryforwards | 2,500 | |||
Net operating loss attributable to Switzerland | 2,100 | |||
Net operating loss attributable to U.S. federal | 239 | |||
Tax credit carry forwards | 13 | |||
Gross unrecognized tax benefits | 636 | 584 | 983 | $ 417 |
Amount of unrecognized tax benefits that would affect the effective tax rate | 371 | |||
Combined amount of accrued interest and penalties related to uncertain tax positions | 36 | 34 | ||
Deferred Tax Assets, Valuation Allowance | 296 | 230 | ||
Deferred Tax Assets, Gross | 2,557 | 2,401 | ||
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | 141 | $ 1,760 | ||
Deferred Tax Assets, Net | 2,241 | 2,002 | ||
Decrease in Unrecognized Tax Benefits is Reasonably Possible | 6 | |||
Deferred Tax Asset, Intra-entity Transfer, Asset Other than Inventory | $ 1,782 | $ 1,781 | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% | 21.00% | |
Effective Income Tax Rate Reconciliation, Percent | 27.00% | 17.70% | (101.50%) | |
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent | (1.20%) | (2.70%) | (0.10%) | |
Net operating loss attributable to various acquired companies | $ 328 | |||
Acquired IP intra-entity sales [Member] | ||||
Income Tax Disclosure [Line Items] | ||||
Income Tax Expense (Benefit) | $ 64 | |||
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent | (5.90%) | 0.00% | 0.00% | |
State [Member] | ||||
Income Tax Disclosure [Line Items] | ||||
Net operating loss attributable to California | $ 119 | |||
Tax credit carry forwards | 174 | |||
Reduction in Taxes [Member] | ||||
Income Tax Disclosure [Line Items] | ||||
Income Tax Expense (Benefit) | $ 80 | |||
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | 393 | |||
Foreign Tax Authority [Member] | ||||
Income Tax Disclosure [Line Items] | ||||
Cash, Cash Equivalents, and Short-term Investments | 2,000 | |||
Swiss Federal Tax Administration (FTA) [Member] | ||||
Income Tax Disclosure [Line Items] | ||||
Deferred Tax Assets, Valuation Allowance | 131 | |||
Deferred Tax Assets, Net | $ 1,840 | |||
Valuation allowance decrease | $ 29 |
Income Taxes (Components Of Los
Income Taxes (Components Of Loss Before Income Taxes) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Income Tax Disclosure [Abstract] | |||
Domestic | $ 204 | $ 299 | $ 380 |
Foreign | 877 | 718 | 1,128 |
Income before provision for (benefit from) income taxes | $ 1,081 | $ 1,017 | $ 1,508 |
Income Taxes (Provision For (Be
Income Taxes (Provision For (Benefit From) Income Taxes) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Income Tax Disclosure [Abstract] | |||
Federal, Current | $ 203 | $ 251 | $ 258 |
State, Current | 36 | 24 | 39 |
Foreign, Current | 381 | 47 | 48 |
Total, Current | 620 | 322 | 345 |
Federal, Deferred | (190) | (26) | (14) |
State, Deferred | (26) | (2) | (2) |
Foreign, Deferred | (112) | (114) | (1,860) |
Total, Deferred | (328) | (142) | (1,876) |
Total, Federal | 13 | 225 | 244 |
Total, State | 10 | 22 | 37 |
Total, Foreign | 269 | (67) | (1,812) |
Total provision for (benefit from) income taxes | $ 292 | $ 180 | $ (1,531) |
Income Taxes (Schedule Of Diffe
Income Taxes (Schedule Of Differences Between Statutory Tax Rate And Effective Tax Rate) (Details) | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Income Tax Expense Reconciliation [Line Items] | |||
Statutory federal tax expense (benefit) rate | 21.00% | 21.00% | 21.00% |
State taxes, net of federal benefit | 1.90% | 1.70% | 1.00% |
Differences between statutory rate and foreign effective tax rate | 6.80% | 7.00% | (8.40%) |
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent | (1.20%) | (2.70%) | (0.10%) |
Research and development credits | (2.80%) | (2.40%) | (1.20%) |
Unremitted earnings of foreign subsidiaries | 2.70% | (10.10%) | (122.10%) |
Effective Income Tax Rate Reconciliation, Tax Settlement, Percent | 0.00% | 0.00% | 5.40% |
Non-deductible stock-based compensation | 3.80% | 3.30% | 2.30% |
Other | 0.70% | (0.10%) | 0.60% |
Effective tax expense (benefit) rate | 27.00% | 17.70% | (101.50%) |
Acquired IP intra-entity sales [Member] | |||
Income Tax Expense Reconciliation [Line Items] | |||
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent | (5.90%) | 0.00% | 0.00% |
Income Taxes (Deferred Tax Asse
Income Taxes (Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Income Tax Disclosure [Line Items] | ||
Accruals, reserves and other expenses | $ 185 | $ 158 |
Tax credit carryforwards | 198 | 161 |
Stock-based compensation | 43 | 43 |
Net operating loss & capital loss carryforwards | 349 | 258 |
Deferred Tax Asset, Intra-entity Transfer, Asset Other than Inventory | 1,782 | 1,781 |
Total | 2,557 | 2,401 |
Valuation allowance | (296) | (230) |
Deferred tax assets, net of valuation allowance | 2,261 | 2,171 |
Amortization and Depreciation | (13) | (140) |
ASC 606 Revenue Recognition | 0 | (21) |
Prepaids and other liabilities | (7) | (8) |
Deferred Tax Liabilities, Net | (20) | (169) |
Deferred tax assets, net of valuation allowance and deferred tax liabilities | $ 2,241 | $ 2,002 |
Income Taxes (Schedule Of Unrec
Income Taxes (Schedule Of Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Operating Loss Carryforwards [Line Items] | |||
Operating Loss Carryforwards | $ 2,500 | ||
Unrecognized tax benefits, beginning balance | 584 | $ 983 | $ 417 |
Increases in unrecognized tax benefits related to prior year tax positions | 5 | 12 | 111 |
Decreases in unrecognized tax benefits related to prior year tax positions | (21) | (444) | (4) |
Increases in unrecognized tax benefits related to current year tax positions | 139 | 55 | 468 |
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities | (50) | (2) | 0 |
Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations | (18) | (27) | (5) |
Changes in unrecognized tax benefits due to foreign currency translation | (3) | 7 | (4) |
Unrecognized tax benefits, ending balance | $ 636 | $ 584 | $ 983 |
Financing Arrangement (Senior N
Financing Arrangement (Senior Notes) (Details) - USD ($) $ in Millions | Feb. 11, 2021 | Feb. 29, 2016 | Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | Feb. 24, 2016 |
Debt Instrument [Line Items] | ||||||
Senior Notes | $ 1,878 | $ 1,876 | ||||
Proceeds from Debt, Net of Issuance Costs | $ 1,478 | $ 395 | $ 0 | 1,478 | $ 0 | |
Senior Notes, Frequency of Periodic Payment | semiannually | |||||
2026 Notes | ||||||
Debt Instrument [Line Items] | ||||||
Effective interest rate | 4.97% | |||||
Debt Instrument, Convertible, Remaining Discount Amortization Period | 3 years 10 months 24 days | |||||
Long-term Debt | $ 400 | 400 | $ 400 | |||
Debt Instrument, Maturity Date | Mar. 1, 2026 | |||||
Contractual interest rate of 0.75% Convertible Senior Notes due 2016 | 4.80% | |||||
2031 Notes | ||||||
Debt Instrument [Line Items] | ||||||
Effective interest rate | 1.98% | |||||
Debt Instrument, Convertible, Remaining Discount Amortization Period | 8 years 10 months 24 days | |||||
Long-term Debt | $ 750 | $ 750 | 750 | |||
Debt Instrument, Maturity Date | Feb. 15, 2031 | |||||
Contractual interest rate of 0.75% Convertible Senior Notes due 2016 | 1.85% | |||||
2051 Notes | ||||||
Debt Instrument [Line Items] | ||||||
Effective interest rate | 3.04% | |||||
Debt Instrument, Convertible, Remaining Discount Amortization Period | 28 years 10 months 24 days | |||||
Long-term Debt | $ 750 | $ 750 | 750 | |||
Debt Instrument, Maturity Date | Feb. 15, 2051 | |||||
Contractual interest rate of 0.75% Convertible Senior Notes due 2016 | 2.95% | |||||
Senior Notes | ||||||
Debt Instrument [Line Items] | ||||||
Long-term Debt | $ 1,900 | 1,900 | ||||
Unaccreted discount | $ 6 | (6) | (7) | $ 1 | ||
Debt Issuance Costs, Net | $ (16) | (16) | (17) | $ (4) | ||
Debt Instrument, Fair Value Disclosure | $ 1,711 | $ 1,873 | ||||
Debt Instrument, Redemption Price, Percentage | 100.00% | |||||
Change of control repurchase event [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Redemption Price, Percentage | 101.00% |
Financing Arrangement (Line of
Financing Arrangement (Line of Credit Facility) (Details) - USD ($) $ in Millions | Aug. 29, 2019 | Mar. 31, 2022 |
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Initiation Date | Aug. 29, 2019 | |
Revolving Credit Facility [Member] | ||
Line of Credit Facility [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | $ 500 | |
Option To Request Additional Commitments On Credit Facility | 500 | |
Debt Instrument, Fee Amount | $ 2 | |
LineofCreditFacilityTerm1 | 5 years |
Financing Arrangement (Schedule
Financing Arrangement (Schedule Of Interest Expense Related To Notes) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Financing Arrangement [Line Items] | |||
Amortization of debt discount | $ (1) | $ 0 | $ 0 |
Amortization of debt issuance costs | (2) | (2) | (2) |
Coupon interest expense | (55) | (43) | (42) |
Total interest expense | $ (58) | $ (45) | $ (44) |
Leases, Codification Topic 84_2
Leases, Codification Topic 842 (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Lessee, Lease, Description [Line Items] | |||
Operating Lease, Expense | $ 98 | $ 87 | $ 70 |
Variable Lease, Cost | 21 | 21 | 37 |
Short-term Lease, Cost | 2 | 2 | 14 |
Operating Lease, Cost | 121 | 110 | 121 |
Operating Lease, Payments | 97 | 85 | 69 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $ 150 | $ 90 | $ 52 |
Operating Lease, Weighted Average Remaining Lease Term | 6 years 9 months 18 days | 7 years 2 months 12 days | |
Operating Lease, Weighted Average Discount Rate, Percent | 2.50% | 2.70% | |
Operating Lease, Right-of-Use Asset | $ 314 | $ 242 | |
Operating Lease, Liability, Current | 81 | 76 | |
Operating Lease, Liability, Noncurrent | 272 | 202 | |
Operating Lease, Liability | 353 | $ 278 | |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | 86 | ||
Lessee, Operating Lease, Liability, Payments, Due Year Two | 73 | ||
Lessee, Operating Lease, Liability, Payments, Due Year Three | 56 | ||
Lessee, Operating Lease, Liability, Payments, Due Year Four | 46 | ||
Lessee, Operating Lease, Liability, Payments, Due Year Five | 31 | ||
Lessee, Operating Lease, Liability, to be Paid, after Year Five | 93 | ||
Lessee, Operating Lease, Liability, Payments, Due | 385 | ||
Lessee, Operating Lease, Liability, Undiscounted Excess Amount | (32) | ||
Unrecorded unconditional purchase obligation | $ 3,828 | ||
Maximum [Member] | |||
Lessee, Lease, Description [Line Items] | |||
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract | 12 years | ||
Minimum [Member] | |||
Lessee, Lease, Description [Line Items] | |||
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract | 2 years | ||
Operating Lease [Member] | |||
Lessee, Lease, Description [Line Items] | |||
Unrecorded unconditional purchase obligation | $ 138 |
Commitments And Contingencies_2
Commitments And Contingencies (Narrative) (Details) $ in Millions | Mar. 31, 2022USD ($) |
Loss Contingencies [Line Items] | |
Unrecorded Unconditional Purchase Obligation | $ 3,828 |
Income tax obligations | 369 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 681 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 779 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 702 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 556 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 185 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 925 |
Recorded Unconditional Purchase Obligation | 2,278 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 86 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 71 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 57 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 450 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 29 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 1,585 |
TotalUnconditionalPurchaseObligationBalanceSheetAmount | 6,106 |
Total Unconditional Purchase Obligation Balance Sheet Amount One Year After Fiscal Year End | 767 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountTwoYearsAfterFiscalYearEnd | 850 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountThreeYearsAfterFiscalYearEnd | 759 |
Total Unconditional Purchase Obligation Balance Sheet Amount Four Years After Fiscal Year End | 1,006 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountFiveYearsAfterFiscalYearEnd | 214 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountThereafter | 2,510 |
Developer Commitments [Member] | |
Loss Contingencies [Line Items] | |
Unrecorded Unconditional Purchase Obligation | 1,851 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 316 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 449 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 434 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 357 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 81 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 214 |
Marketing | |
Loss Contingencies [Line Items] | |
Unrecorded Unconditional Purchase Obligation | 837 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 231 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 206 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 191 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 125 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 54 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 30 |
Senior Notes Interest | |
Loss Contingencies [Line Items] | |
Unrecorded Unconditional Purchase Obligation | 836 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 49 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 55 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 55 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 54 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 36 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 587 |
Operating Lease Imputed Interest [Member] [Member] | |
Loss Contingencies [Line Items] | |
Unrecorded Unconditional Purchase Obligation | 32 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 8 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 6 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 5 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 3 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 2 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 8 |
Operating Lease [Member] | |
Loss Contingencies [Line Items] | |
Unrecorded Unconditional Purchase Obligation | 138 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 13 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 8 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 7 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 13 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 11 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 86 |
Recorded Unconditional Purchase Obligation | 353 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 78 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 67 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 51 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 43 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 29 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 85 |
Other Unrecorded Purchase Obligations [Member] | |
Loss Contingencies [Line Items] | |
Unrecorded Unconditional Purchase Obligation | 134 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 64 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 55 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 10 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 4 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 1 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 0 |
Senior Notes Principal And Interest [Member] | |
Loss Contingencies [Line Items] | |
Recorded Unconditional Purchase Obligation | 1,906 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 6 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 400 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 1,500 |
Transition And Other Taxes [Member] | |
Loss Contingencies [Line Items] | |
Recorded Unconditional Purchase Obligation | 19 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 2 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 4 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 6 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 7 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | $ 0 |
Commitments And Contingencies_3
Commitments And Contingencies (Minimum Contractual Obligations) (Details) $ in Millions | Mar. 31, 2022USD ($) |
Long Term Purchase Commitments | |
Unrecorded Unconditional Purchase Obligation | $ 3,828 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 681 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 779 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 702 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 556 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 185 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 925 |
Recorded Unconditional Purchase Obligation | 2,278 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 86 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 71 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 57 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 450 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 29 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 1,585 |
TotalUnconditionalPurchaseObligationBalanceSheetAmount | 6,106 |
Total Unconditional Purchase Obligation Balance Sheet Amount One Year After Fiscal Year End | 767 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountTwoYearsAfterFiscalYearEnd | 850 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountThreeYearsAfterFiscalYearEnd | 759 |
Total Unconditional Purchase Obligation Balance Sheet Amount Four Years After Fiscal Year End | 1,006 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountFiveYearsAfterFiscalYearEnd | 214 |
TotalUnconditionalPurchaseObligationBalanceSheetAmountThereafter | 2,510 |
Developer Commitments [Member] | |
Long Term Purchase Commitments | |
Unrecorded Unconditional Purchase Obligation | 1,851 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 316 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 449 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 434 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 357 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 81 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 214 |
Marketing | |
Long Term Purchase Commitments | |
Unrecorded Unconditional Purchase Obligation | 837 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 231 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 206 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 191 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 125 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 54 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 30 |
Senior Notes Interest | |
Long Term Purchase Commitments | |
Unrecorded Unconditional Purchase Obligation | 836 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 49 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 55 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 55 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 54 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 36 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 587 |
Operating Lease Imputed Interest [Member] [Member] | |
Long Term Purchase Commitments | |
Unrecorded Unconditional Purchase Obligation | 32 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 8 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 6 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 5 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 3 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 2 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 8 |
Operating Lease [Member] | |
Long Term Purchase Commitments | |
Unrecorded Unconditional Purchase Obligation | 138 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 13 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 8 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 7 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 13 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 11 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 86 |
Recorded Unconditional Purchase Obligation | 353 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 78 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 67 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 51 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 43 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 29 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 85 |
Other Unrecorded Purchase Obligations [Member] | |
Long Term Purchase Commitments | |
Unrecorded Unconditional Purchase Obligation | 134 |
Unrecorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 64 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Two | 55 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Three | 10 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Four | 4 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling Year Five | 1 |
Unrecorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 0 |
Senior Notes Principal And Interest [Member] | |
Long Term Purchase Commitments | |
Recorded Unconditional Purchase Obligation | 1,906 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 6 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 400 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | 1,500 |
Transition And Other Taxes [Member] | |
Long Term Purchase Commitments | |
Recorded Unconditional Purchase Obligation | 19 |
Recorded Unconditional Purchase Obligation, Due in Next Rolling Twelve Months | 2 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Two | 4 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Three | 6 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Four | 7 |
Recorded Unconditional Purchase Obligation, Due in Rolling Year Five | 0 |
Recorded Unconditional Purchase Obligation, Due in Rolling after Year Five | $ 0 |
(Stock-Based Compensation And E
(Stock-Based Compensation And Employee Benefit Plans Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Deferred Income Tax Expense (Benefit) | $ (328) | $ (142) | $ (1,876) |
Common Stock, Shares, Outstanding | 280 | 286 | |
Deferred Compensation Plan Assets | $ 21 | $ 18 | |
Deferred Compensation Liability, Classified, Noncurrent | 22 | 19 | |
Deferred Compensation Arrangement with Individual, Contributions by Employer | 41 | 40 | 29 |
Stock Repurchased and Retired During Period, Value | $ 1,300 | 729 | 1,207 |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||
Employee Stock Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 12.5 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 8 | $ 76 | $ 22 |
2019 Equity Plan | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage Allowed Of Exercise Price Of Stock Options Compared To Fair Market Value On Date Of Grant | 100.00% | ||
2019 Equity Plan | Maximum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 13.5 | ||
Employee Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of Shares Available for Grant, Employee Stock Purchase Plans | 4.3 | ||
Minimum Percentage That Employees Authorized For Payroll Deductions | 2.00% | ||
Maximum Percentage That Employees Authorized For Payroll Deductions | 10.00% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Offering Date | 85.00% | ||
Employee Stock [Member] | Minimum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
ESPP Exercise Price For Shares Issued | $ 113.39 | $ 74.70 | $ 74.70 |
Employee Stock [Member] | Maximum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
ESPP Exercise Price For Shares Issued | $ 118.14 | $ 119.37 | $ 74.89 |
Restricted Stock Rights [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 8.7 | ||
Performance Based Restricted Stock Units [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 147.00% | ||
Performance Based Restricted Stock Units [Member] | Minimum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage Range Of Shares Received At Vesting Based On Total Stock Return Measurement | 0.00% | ||
Performance Based Restricted Stock Units [Member] | Maximum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage Range Of Shares Received At Vesting Based On Total Stock Return Measurement | 200.00% | ||
Market Based Restricted Stock Units [Member] | Minimum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage Range Of Shares Received At Vesting Based On Total Stock Return Measurement | 0.00% | ||
Market Based Restricted Stock Units [Member] | Maximum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage Range Of Shares Received At Vesting Based On Total Stock Return Measurement | 200.00% | ||
Stock-based compensation expense [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Deferred Income Tax Expense (Benefit) | $ 68 | $ 56 | $ 43 |
(Schedule Of Assumptions Used I
(Schedule Of Assumptions Used In The Black-Scholes Valuation Model) (Details) - Employee Stock [Member] | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Risk-free interest rate, minimum | 0.10% | 0.10% | 1.50% |
Risk-free interest rate, maximum | 1.10% | 0.10% | 1.90% |
Expected volatility, minimum | 25.00% | 32.00% | 23.00% |
Expected volatility, maximum | 30.00% | 39.00% | 37.00% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate | 27.00% | 36.00% | 26.00% |
Expected dividends | 0.60% | 0.30% | 0.00% |
Minimum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Expected Term | 6 months | 6 months | 6 months |
Maximum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Expected Term | 12 months | 12 months | 12 months |
(Schedule Of Assumptions Used_2
(Schedule Of Assumptions Used In Monte-Carlo Simulation Model) (Details) - Market Based Restricted Stock Units [Member] | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Risk-free interest rate, minimum | 0.40% | 0.20% | 1.60% |
Risk-free interest rate, maximum | 0.40% | 0.20% | 1.80% |
Expected volatility, minimum | 24.00% | 23.00% | 14.00% |
Expected volatility, maximum | 76.00% | 63.00% | 65.00% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate | 40.00% | 37.00% | 29.00% |
Expected dividends | 0.00% | 0.00% | 0.00% |
(Schedule Of Stock-Based Compen
(Schedule Of Stock-Based Compensation Expense By Statement Of Operations Line Item) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | |||
Stock-based compensation expense | $ 528 | $ 435 | $ 347 |
Cost of revenue [Member] | |||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | |||
Stock-based compensation expense | 6 | 5 | 4 |
Research and Development | |||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | |||
Stock-based compensation expense | 356 | 285 | 229 |
Marketing and sales | |||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | |||
Stock-based compensation expense | 54 | 46 | 37 |
General And Administrative [Member] | |||
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items] | |||
Stock-based compensation expense | $ 112 | $ 99 | $ 77 |
(Schedule Of Stock Option Activ
(Schedule Of Stock Option Activity) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options, Outstanding, Beginning Balance | 267 | ||
Options, Granted | 3 | ||
Options, Exercised | (92) | ||
Options, forfeited, cancelled or expired | (42) | ||
Options, Outstanding, Ending Balance | 286 | 267 | |
Options, vested and expected to vest | 286 | ||
Options, Exercisable | 279 | ||
Weighted-average exercise price of options outstanding, beginning balance | $ 35.71 | ||
Weighted-average exercise price of options granted during period | 138.32 | ||
Weighted-Average Exercise Prices, Exercised during period | 54.43 | ||
Weighted-Average Exercise Prices, Forfeited, cancelled or expired during period | 67.04 | ||
Weighted-average exercise price of options outstanding, ending balance | 39.28 | $ 35.71 | |
Weighted-average exercise price of options vested and expected to vest | 39.28 | ||
Weighted-average exercise prices of options exercisable | $ 38.06 | ||
Weighted-average remaining contractual term of options outstanding | 2 years 9 months | ||
Weighted-average remaining contractual term of options vested and expected to vest | 2 years 9 months | ||
Weighted-average remaining contractual term of options exercisable | 2 years 7 months 24 days | ||
Aggregate intrinsic value of options outstanding | $ 25 | ||
Aggregate intrinsic value of options vested and expected to vest | 25 | ||
Aggregate intrinsic value of options exercisable | $ 24 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||
Glu Mobile Inc. [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options, Granted | 150 | ||
Weighted-average exercise price of options granted during period | $ 60.87 | ||
Employee Stock Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 8 | $ 76 | $ 22 |
(Summary Of Outstanding And Exe
(Summary Of Outstanding And Exercisable Stock Options) (Details) - $ / shares shares in Thousands | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ||
Options outstanding, number of shares | 286 | 267 |
Options Outstanding, Weighted-Average Remaining Contractual Term (in years) | 2 years 9 months | |
Options Outstanding, Weighted-Average Exercise Prices | $ 39.28 | $ 35.71 |
Options exercisable, number of shares | 279 | |
Options exercisable, weighted-average exercise prices | $ 38.06 |
Stock-Based Compensation And _2
Stock-Based Compensation And Employee Benefit Plans (Restricted Stock Units Vesting Description) (Details) | 12 Months Ended |
Mar. 31, 2022 | |
Vesting Year3 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Cliff Vesting Period | 35 months |
Vesting Year4 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Cliff Vesting Period | 4 years |
(Restricted Stock Rights) (Narr
(Restricted Stock Rights) (Narrative) (Details) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2022USD ($)$ / sharesshares | Mar. 31, 2021USD ($)$ / shares | Mar. 31, 2020USD ($)$ / shares | |
Vesting Year4 [Member] | |||
Cliff Vesting Period | 4 years | ||
Stock-based compensation expense [Member] | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 688 | ||
Restricted Stock Units (RSUs) [Member] | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 634 | ||
Restricted Stock Rights [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares | 8.7 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 9 months 18 days | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares | $ 139.66 | $ 127.27 | $ 93.52 |
Reduction In Shares Available Per Grant Of Stock Right | 1.43 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 457 | $ 420 | $ 240 |
Market Based Restricted Stock Units [Member] | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 46 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares | $ 170.44 | $ 145.78 | $ 109.04 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 37 | $ 19 | $ 9 |
Employee Stock Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares | 12.5 | ||
Performance Based Restricted Stock Units [Member] | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 8 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares | $ 140.48 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 147.00% | ||
Minimum [Member] | Market Based Restricted Stock Units [Member] | |||
Percentage Range Of Shares Received At Vesting Based On Total Stock Return Measurement | 0.00% | ||
Minimum [Member] | Performance Based Restricted Stock Units [Member] | |||
Percentage Range Of Shares Received At Vesting Based On Total Stock Return Measurement | 0.00% | ||
Maximum [Member] | Market Based Restricted Stock Units [Member] | |||
Percentage Range Of Shares Received At Vesting Based On Total Stock Return Measurement | 200.00% | ||
Maximum [Member] | Performance Based Restricted Stock Units [Member] | |||
Percentage Range Of Shares Received At Vesting Based On Total Stock Return Measurement | 200.00% |
(Schedule Of Restricted Stock R
(Schedule Of Restricted Stock Rights Activity, Excluding Performance-Based Activity) (Details) - $ / shares shares in Thousands | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Restricted Stock Rights [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||
Outstanding Balance | 6,682 | 5,764 | |
Granted | 4,598 | ||
Vested | (3,345) | ||
Forfeited or cancelled | (1,151) | ||
Weighted-Average Grant Date Fair Values, Balance | $ 129.57 | $ 113.25 | |
Weighted-Average Grant Date Fair Values, Granted | 139.66 | $ 127.27 | $ 93.52 |
Weighted-Average Grant Date Fair Values, Vested | 114.55 | ||
Weighted-Average Grant Date Fair Values, Forfeited or cancelled | $ 125.41 | ||
Restricted Stock Rights [Member] | Glu Mobile Inc. [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||
Granted | 816 | ||
Weighted-Average Grant Date Fair Values, Granted | $ 120.54 | ||
Restricted Stock Rights (including Glu's related grant) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||
Weighted-Average Grant Date Fair Values, Granted | $ 136.78 |
(Schedule Of Performance-Based
(Schedule Of Performance-Based Restricted Stock Unit Activity) (Details) - Performance Based Restricted Stock Units [Member] - $ / shares shares in Thousands | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ||
Outstanding Balance | 190 | 579 |
Granted | 300 | |
Vested | (266) | |
Forfeited or cancelled | (423) | |
Weighted-Average Grant Date Fair Values, Balance | $ 142.60 | $ 110.51 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | 140.48 | |
Weighted-Average Grant Date Fair Values, Vested | 110.51 | |
Weighted-Average Grant Date Fair Values, Forfeited or cancelled | $ 117.33 |
(Schedule Of Market-Based Restr
(Schedule Of Market-Based Restricted Stock Unit Activity) (Details) - Market Based Restricted Stock Units [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | |||
Outstanding Balance | 1,321 | 2,195 | |
Granted | 175 | ||
Vested | (271) | ||
Forfeited or cancelled | (778) | ||
Weighted-Average Grant Date Fair Values, Balance | $ 134.69 | $ 134.60 | |
Weighted-Average Grant Date Fair Values, Granted | 170.44 | $ 145.78 | $ 109.04 |
Weighted-Average Grant Date Fair Values, Vested | 123.82 | ||
Weighted-Average Grant Date Fair Values, Forfeited or cancelled | $ 146.26 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 37 | $ 19 | $ 9 |
Stock-Based Compensation And _3
Stock-Based Compensation And Employee Benefit Plans (Schedule of ESPP Activity) (Details) - Employee Stock [Member] - $ / shares shares in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 0.6 | 0.7 | 0.7 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 35.94 | $ 29.80 | $ 29.05 |
Minimum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
ESPP Exercise Price For Shares Issued | 113.39 | 74.70 | 74.70 |
Maximum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
ESPP Exercise Price For Shares Issued | $ 118.14 | $ 119.37 | $ 74.89 |
Stock-Based Compensation And _4
Stock-Based Compensation And Employee Benefit Plans (Schedule of Share Repurchases) (Details) - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | Nov. 04, 2020 | May 11, 2018 | |
Equity, Class of Treasury Stock [Line Items] | |||||
Stock Repurchased and Retired During Period, Value | $ 1,300 | $ 729 | $ 1,207 | ||
May 2018 Repurchase Program [Member] | |||||
Equity, Class of Treasury Stock [Line Items] | |||||
Stock Repurchase Program, Authorized Amount | $ 2,400 | ||||
Stock Repurchased and Retired During Period, Value | $ 0 | $ 78 | $ 1,207 | ||
Stock repurchased and retired during period, Shares | 0 | 0.7 | 12.3 | ||
November 2020 Repurchase Program [Member] | |||||
Equity, Class of Treasury Stock [Line Items] | |||||
Stock Repurchase Program, Authorized Amount | $ 2,600 | ||||
Stock Repurchased and Retired During Period, Value | $ 1,300 | $ 651 | |||
Stock repurchased and retired during period, Shares | 9.5 | 4.9 | |||
Repurchase program, total | |||||
Equity, Class of Treasury Stock [Line Items] | |||||
Stock Repurchased and Retired During Period, Value | $ 1,300 | $ 729 | $ 1,207 | ||
Stock repurchased and retired during period, Shares | 9.5 | 5.6 | 12.3 |
Interest And Other Income (Ex_3
Interest And Other Income (Expense), Net (Schedule Of Interest And Other Income (Expense), Net) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Interest and Other Income [Abstract] | |||
Interest expense | $ (58) | $ (45) | $ (44) |
Interest income | 4 | 24 | 100 |
Net gain (loss) on foreign currency transactions | (22) | 9 | 11 |
Net gain (loss) on foreign currency forward contracts | 21 | (19) | (4) |
Other income, net | 7 | 2 | 0 |
Interest and other income (expense), net | $ (48) | $ (29) | $ 63 |
Earnings Per Share (Narrative)
Earnings Per Share (Narrative) (Details) - shares shares in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1 | 2 | 2 |
Earnings Per Share (Computation
Earnings Per Share (Computation Of Basic Earnings And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | |||
Net income (loss) | $ 789 | $ 837 | $ 3,039 |
Weighted-average common stock outstanding - basic | 284 | 289 | 293 |
Dilutive potential common shares related to stock award plans and from assumed exercise of stock options | 2 | 3 | 2 |
Weighted Average Number of Shares Outstanding, Diluted | 286 | 292 | 295 |
Basic | $ 2.78 | $ 2.90 | $ 10.37 |
Diluted | $ 2.76 | $ 2.87 | $ 10.30 |
Segment Information (Narrative)
Segment Information (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Revenue, Major Customer and Geographic Information [Line Items] | |||
Disclosure on Geographic Areas, Revenue from External Customers Attributed to Foreign Countries | $ 6,991 | $ 5,629 | $ 5,537 |
Entity Wide Revenue By Major Customer Percent Of Revenue Did Not Exceed Ten Percent | 10.00% | ||
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Sony [Member] | |||
Revenue, Major Customer and Geographic Information [Line Items] | |||
Entity Wide Revenue By Major Customer Percent Of Revenue | 33.00% | 36.00% | 32.00% |
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Microsoft [Member] | |||
Revenue, Major Customer and Geographic Information [Line Items] | |||
Entity Wide Revenue By Major Customer Percent Of Revenue | 16.00% | 18.00% | 17.00% |
Switzerland [Member] | |||
Revenue, Major Customer and Geographic Information [Line Items] | |||
Disclosure on Geographic Areas, Revenue from External Customers Attributed to Foreign Countries | $ 3,423 | $ 2,731 | $ 2,586 |
Disclosure on Geographic Areas, Revenue from External Customers Attributed to Foreign Countries, Percentage | 49.00% | 49.00% | 47.00% |
United States [Member] | |||
Revenue, Major Customer and Geographic Information [Line Items] | |||
Disclosure on Geographic Areas, Revenue from External Customers Attributed to Entity's Country of Domicile | 99.00% |
Segment Information (Net Revenu
Segment Information (Net Revenue By Timing Recognition) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Net revenue | $ 6,991 | $ 5,629 | $ 5,537 |
Recognized at a point in time | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Net revenue | 2,326 | 2,006 | 2,043 |
Recognized over time | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Net revenue | $ 4,665 | $ 3,623 | $ 3,494 |
Segment Information (Net Reve_2
Segment Information (Net Revenue By Revenue Composition) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Net revenue | $ 6,991 | $ 5,629 | $ 5,537 |
Full game, net revenue [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Net revenue | 1,993 | 1,613 | 1,887 |
Full game downloads, net revenue [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Net revenue | 1,282 | 918 | 811 |
Packaged goods, net revenue [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Net revenue | 711 | 695 | 1,076 |
Live services and other, net revenue [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Net revenue | $ 4,998 | $ 4,016 | $ 3,650 |
Segment Information (Net Reve_3
Segment Information (Net Revenue By Geographic Area) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Revenue from External Customer [Line Items] | |||
Net revenue | $ 6,991 | $ 5,629 | $ 5,537 |
North America Segment [Member] | |||
Revenue from External Customer [Line Items] | |||
Net revenue | 3,039 | 2,474 | 2,270 |
International [Member] | |||
Revenue from External Customer [Line Items] | |||
Net revenue | $ 3,952 | $ 3,155 | $ 3,267 |
Segment Information (Long-Lived
Segment Information (Long-Lived Assets By Geographic Area) (Details) - USD ($) $ in Millions | Mar. 31, 2022 | Mar. 31, 2021 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | $ 550 | $ 491 |
North America Segment [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | 446 | 397 |
International [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | $ 104 | $ 94 |
Segment Information Net Revenue
Segment Information Net Revenue by Platform (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Mar. 31, 2022 | Mar. 31, 2021 | Mar. 31, 2020 | |
Schedule of Net Revenue by Platform [Line Items] | |||
Net revenue | $ 6,991 | $ 5,629 | $ 5,537 |
Total consoles, net revenue [Domain] | |||
Schedule of Net Revenue by Platform [Line Items] | |||
Net revenue | 4,400 | 3,716 | 3,774 |
PC and Browsers, net revenue [Domain] | |||
Schedule of Net Revenue by Platform [Line Items] | |||
Net revenue | 1,532 | 1,195 | 1,036 |
Mobile, net revenue [Domain] | |||
Schedule of Net Revenue by Platform [Line Items] | |||
Net revenue | $ 1,059 | $ 718 | $ 727 |